Covestro CEO gets a term extension

Markus Steilemann will remain Chief Executive Officer of Covestro for a further five years. The Supervisory Board has extended his contract, which runs until May 2023, to May 31, 2028. Steilemann has been a member of the Covestro Board of Management since September 2015 and its Chief Executive Officer since June 2018. “Markus Steilemann has provided Covestro with outstanding leadership as a chief executive officer during his tenure to date, setting important strategic direction and driving the Group’s sustainable growth. We look forward to continuing our successful cooperation,” Richard Pott, Chairman of the Supervisory Board of Covestro AG stated in a company release. “By extending his mandate ahead of schedule, we are emphasising our confidence in Steilemann to successfully continue the transformation Covestro has begun to become fully circular,” he added.