Markus Steilemann, Ph.D., will remain CEO of Covestro for a further five years. The supervisory board has prematurely 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 the company’s CEO since June 2018.
“Markus Steilemann has provided Covestro with outstanding leadership as Chief Executive Officer during his tenure to date, setting important strategic direction and driving the Group’s sustainable growth,” said Richard Pott, Ph.D., chairman of the supervisory board. “We look forward to continuing our successful cooperation. By extending his mandate ahead of schedule, we are emphasizing our confidence in Mr. Steilemann to successfully continue the transformation Covestro has begun to become fully circular.”