German speciality chemicals company Covestro AG has announced managerial changes in its polyurethanes and coatings, adhesives, specialties segments effective 1 Sept.
Covestro shuffles management ahead of CEO departure
Markus Steilemann, who has been chief commercial officer (CCO) with board of management responsibility for innovation, marketing and sales since April 2017, will relinquish his position as head of the polyurethanes segment as he is set to replace CEO Patrick Thomas next year.
Current head of coatings, adhesives, specialties, Daniel Meyer, will head the polyurethanes segment.
Michael Friede, who currently manages the company’s global elastomers business from France, will replace Meyer.