People: Covestro AG (1COV.DE)
15 Oct 2019
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.
|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|