People: Covestro AG (1COV.DE)

1COV.DE on Xetra

15 Oct 2019
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Schaefer, Klaus 

Dr. Klaus Schaefer has been Member of the Management Board, Chief Technology Officer of Covestro AG since January 1, 2019. He was Member of the Management Board, Chief Technology Officer, Labor Director at Covestro AG from 2015. He studied physics at Universitaet Koeln. In 1991, after his Ph.D. he began his career as an operations engineer at Erdoelchemie, a former joint venture between Bayer and BP. After various posts in production and technology, Dr. Schaefer transferred to BP in Grangemouth, Scotland, in 2000. He was responsible there for the technical infrastructure of the refinery and petrochemicals site. In 2001, Dr. Schaefer joined the Bayer Group, holding global responsibility for process control technology in the plastics business. Five years later he was appointed as Member and Chairman of the Board of Management of Bayer Industry Services which is now Currenta, a joint venture of Bayer and Lanxess. In 2011, Dr. Schaefer joined Covestro’s predecessor company Bayer Material Science as Senior Country Representative for China. In 2013, he became Head of production and technology in the Polyurethanes Business Unit before assuming responsibility for Industrial Operations at Bayer Material Science on January 1, 2015.

Basic Compensation

Total Annual Compensation, EUR 597,000
Restricted Stock Award, EUR --
Long-Term Incentive Plans, EUR 130,000
All Other, EUR 1,406,000
Fiscal Year Total, EUR 2,133,000

Options Compensation

  Quantity Market Value
Exercisable -- --
Unexercisable -- --
Exercised -- --
Name Fiscal Year Total

Richard Pott


Markus Steilemann


Petra Kronen


Thomas Toepfer


Klaus Schaefer


Sucheta Govil

As Of  31 Dec 2018