Covestro recently announced the appointment of Klaus Fröhlich as the new chief financial officer, effective October 1, 2026. Christian Baier will leave the company on September 30, 2026. Fröhlich will become a member of Covestro AG’s board of management.

"Klaus Fröhlich is a proven financial expert with many years of experience in managing finances and companies in challenging market environments. With his clear financial perspective and his focus on performance, efficiency, and value creation, he will play an important role in further strengthening Covestro's competitiveness and in driving the consistent execution of the company's strategy," said Rainer Seele, chairman of the Covestro’s supervisory board.

With more than 25 years of experience in finance and international investment banking, Fröhlich is currently serving as group chief investment officer at the energy and chemical company ADNOC. Previously, he served as chief financial officer in Saudi Arabia and worked for Morgan Stanley, most recently as head of investment banking for the Middle East and North Africa.

According to Covestro, Baier informed the supervisory board in December 2025 that he would not extend his contract and would leave Covestro at the end of his term in September 2026, allowing for an orderly transition of his succession. Baier will continue to perform his duties in full.

Learn more about Covestro at covestro.com.