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
Over 110 organisations from across Europe’s plastics value chain have united to deliver an Industry Statement to officials at the European Commission’s Directorate-General for Environment (DG-ENV), calling to ‘close the gap’ between virgin and recycled plastic prices.
Nouryon (Amsterdam, the Netherlands) has opened its newest innovation center in Shanghai, China, a state-of-the-art facility designed to strengthen the company’s commitment to localized innovation, customer co-development and sustainable growth in China and across the Asia Pacific region.
Air Products (Leigh Valley, Pennsylvania) has announced the formation of a new senior management board as well as changes across its current leadership team. Chairman, president and CEO Seifi Ghasemi will lead the new 11 executive-member board.
