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Sunday 27 August 2017

Covestro appoints new head to polyurethanes segment




Covestro AG has announced managerial changes in its polyurethanes and coatings, adhesives, specialities segments effective 1, September 2017. 
Dr 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, which he has held since the start of 2016. Plans call for him to succeed Patrick Thomas as CEO of Covestro next year. 
The new head of the polyurethanes segment will be Daniel Meyer, who has headed the coatings, adhesives, specialities segment since 2011. He will be succeeded by Michael Friede, who currently manages the company’s global elastomers business from France. 
Dr Markus Steilemann can look back on a long international career that began at Bayer in 1999. In 2004, he moved to Bayer’s new MaterialScience subgroup, which now operates independently under the name Covestro. From 2008 onwards, Steilemann held various management positions in the polycarbonates segment in Asia, including serving as head of global industrial marketing. Between 2013 and 2015, he headed the entire polycarbonates segment before being appointed to the Covestro board of management. 

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