People: Covestro AG (1COV.DE)
23 Jul 2019
Dr. Markus Steilemann is re-designated as Chairman of the Management Board, Chief Executive Officer of the Company effective August 1, 2019. He is currently Chairman of the Management Board, Chief Executive Officer, Chief Commercial Officer of Covestro AG since June 1, 2018. He was Chief Marketing Officer, Member of the Management Board from 2017, Member of the Management Board, responsible for innovation and Head of Business Unit Polyurethanes segment from 2016, Member of the Management Board, Head of Innovation at Covestro AG from 2015. He holds a Ph.D. in technical chemistry and a master's degree in chemistry as well as chemical economics from RWTH Aachen University. In 1999, Dr. Steilemann joined Bayer Group as an internal consultant in the company's former corporate planning division. He held various positions of increasing responsibility and gained broad experience of business modeling, organizational development and supply chain. In January 2008, Dr. Steilemann transferred to the Polycarbonates Business Unit of Covestro’s predecessor company Bayer Material Science in Hong Kong, where he headed a number of regional business segments. He relocated to the global headquarters of the Polycarbonates Business Unit in Shanghai in August 2011. In July 2012, he was appointed head of Global Industrial Marketing and on April 1, 2013 he became head of the Polycarbonates Business Unit.
|Total Annual Compensation, EUR||1,112,000|
|Restricted Stock Award, EUR||--|
|Long-Term Incentive Plans, EUR||98,000|
|All Other, EUR||2,884,000|
|Fiscal Year Total, EUR||4,094,000|