Martin Brudermüller will succeed Kurt Bock in 2018 as Chairman of the Executive Board
Kurt Bock is named Chairman of the Supervisory Board for 2020
Hans-Ulrich Engel will serve as Vice Chairman of the Executive Board and continue as Chief Financial Officer
Executive Board reduced from 7 to 8
BASF announced on December 21, 2017 that Dr Martin Brudermüller (56), currently Vice Chairman of the Executive Board, will serve as Chairman of the Board and Executive Director of BASF at the close of the Annual General Meeting on May 4, 2018. At the meeting Bruder müller was appointed Dr. Kurt Bock (59) has been Chairman of BASF since 2011 and has been a member of the BASF Executive Board since 2003. This change will enable Bock to postpone the two-year incubation period in 2020 Elected Chairman of BASF Supervisory Board.
Dr. Hans-Ulrich Engel (58) was appointed as the new Vice-Chairman of the Executive Board, and the Supervisory Board extended the appointment of Brudermüller, Engel and Sanjeev Gandhi (51) for a further five years up to the Annual General Meeting for 2023. During the change, the Board of Directors The number of members will be reduced from eight in August 2018 to seven in May 2018.
Dr. Jürgen Hambrecht (71), Chairman of BASF's Supervisory Board, said: "Next year's changes are part of the long-term succession plan of BASF's supervisory board and executive directors." Kurt Bock has built and further developed the company for the past seven years. I hope he will attend the supervisory board election in 2020 so that the company can continue to be guided by his expertise and experience and Martin Brudermüller is a very capable and experienced successor we have chosen from within the company.
Brudermüller served as Vice Chairman in 2011. In addition, he is the Chief Technology Officer of BASF, Inc. Brudermüller has been a member of the Executive Board since 2006. During this time he was also responsible for the Hong Kong headquarters in the Asia Pacific region.
Enge joined the Executive Board in 2008 and is responsible for the North American headquarters in Florham Park, NJ He has been CFO of BASF since 2011.