Covestro AG said Friday that it has extended the contract of Chief Executive Officer Markus Steilemann for a further five years.
Steilemann’s contract will now run until May 31, 2028, after the German polymer manufacturer and supplier’s supervisory board decided to extend the contract ahead of schedule.
Steilemann has been on the Covestro board of management since September 2015 and has been CEO since June 2018.
By Pierre Bertrand
Source: marketwatch.com
Baker Hughes has completed its $13.6bn acquisition of Chart Industries, expanding its industrial portfolio and establishing Chart as its third operating segment. The transaction, initially announced in July 2025, forms part of Baker Hughes’ ongoing portfolio optimisation strategy and aims to support its ambitions for sustainable, long-term growth.
IFF announced that it has entered into an agreement with SuanNutra, a Carbyne Equity Partners portfolio company and global provider of science-backed branded and functional ingredients, to sell its portfolio of botanical extracts, vitamins and minerals, and food enhancement activities, including its range of natural colors and antioxidants and certain localized flavor activities in Peru.
ADM has appointed former Syngenta Group CEO Jeff Rowe as its new executive vice president and chief operating officer (COO), creating the role as part of efforts to strengthen its leadership team and accelerate the company’s long-term growth strategy.
