The Supervisory Board of Covestro AG has extended the contract of Board of Management member Dr. Thomas Toepfer early from April 1, 2021, by five years until March 31, 2026.
Dr. Toepfer has been a member of the Board of Management of Covestro AG since April 1, 2018. In his role as Chief Financial Officer (CFO), he is responsible for Accounting, Controlling and Finance. He is also responsible for Investor Relations, Information Technology, Portfolio Development, Taxes, Legal, Intellectual Property and Compliance. He has also been Labor Director of Covestro AG since January 2019. With the early extension of his contract, the company is sending a clear signal of continuity, especially in these economically challenging times.
"We are very pleased to continue our successful collaboration with Dr. Thomas Toepfer," said Dr. Richard Pott, Chairman of the Supervisory Board of Covestro AG. "As an experienced CFO, he rightly enjoys a high level of trust on the capital market as well as from our employees, our business partners, the Board of Management and the Supervisory Board."
Following his contract extension, Dr. Thomas Toepfer said: "I look forward to continuing to shape Covestro's future successfully and sustainably together with the Board of Management team and our employees. At the same time, I would like to thank our Supervisory Board for the trust they have placed in me."
Dr. Thomas Toepfer is part of the four-member Board of Management of Covestro with Chief Executive Officer (CEO) Dr. Markus Steilemann, Chief Commercial Officer (CCO) Sucheta Govil and Chief Technology Officer (CTO) Dr. Klaus Schäfer.
