BASF SE said that Dr Martin Brudermuller (56), currently vice chairman of the board of executive directors, will become chairman of the board of executive directors, effective 4 May 2018.
Brudermuller will succeed Dr Kurt Bock (59), who is BASF’s chairman since 2011 and has been a member of the board of executive directors since 2003. This change will allow Bock to be elected as a member and chair of BASF’s supervisory board in 2020 after the end of the statutory two-year cooling-off period.
Dr Hans-Ulrich Engel (58) was appointed as new vice chairman of the board of executive directors. Furthermore, the supervisory board extended the appointments of Brudermuller, Engel and Sanjeev Gandhi (51) to the board of executive directors by five years until 2023. In the course of the changes, the number of board members will be reduced from eight to seven in May 2018.
Engel became a member of the board of executive directors in 2008 and was among others responsible for the region North America headquartered in Florham Park, New Jersey. Since 2011 he is chief financial officer of BASF SE.
Read more: BASF names current vice chairman as next CEO
BASF SE said that Dr Martin Brudermuller (56), currently vice chairman of the board of executive directors, will become chairman of the board of executive directors, effective 4 May 2018.
Brudermuller will succeed Dr Kurt Bock (59), who is BASF’s chairman since 2011 and has been a member of the board of executive directors since 2003. This change will allow Bock to be elected as a member and chair of BASF’s supervisory board in 2020 after the end of the statutory two-year cooling-off period.
Dr Hans-Ulrich Engel (58) was appointed as new vice chairman of the board of executive directors. Furthermore, the supervisory board extended the appointments of Brudermuller, Engel and Sanjeev Gandhi (51) to the board of executive directors by five years until 2023. In the course of the changes, the number of board members will be reduced from eight to seven in May 2018.
Engel became a member of the board of executive directors in 2008 and was among others responsible for the region North America headquartered in Florham Park, New Jersey. Since 2011 he is chief financial officer of BASF SE.
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