On January 1, 2018, the board of directors of Covestro Co., Ltd. and Dr. Klaus Schäfer, a member of the Board of Directors, renewed their terms of office for a term of five years until the end of 2022. Dr. Xiao Feng Since the launch of Covestro in 2015 Has been serving as a member of the Board of Directors and Dr. Xiao Feng, Chief Technology Officer of Covestro, is responsible for manufacturing and technology as well as the company's global chemical manufacturing facilities worldwide and is also the head of the company's labor and capital department since mid-2017.
For the same purpose, Covestro had appointed Dr. Markus Steilemann, a board member, to succeed Patrick Thomas as chief executive officer.
'We are pleased to continue our successful collaboration with Dr. Xiao Feng,' said Dr. Richard Pott, chairman of the Caucus Board of Supervisors, 'who made a significant contribution to the success achieved by Covestro since it was independently run. Recognized industry experts with long-term leadership experience within the company ensure that Covestro is able to meet market challenges with cutting-edge manufacturing facilities and competitive technology. In addition, Dr Xiao Feng is widely recognized and trusted by his staff as an employee He is more than just the head of the labor and capital department.
Xiao Feng said: "I want to thank the board of supervisors for their trust and look forward to renewing the brilliant history of Covestro with all employees and board members.
Dr. Xiao Feng is one of the three board members of Covestro and the other two are Dr. Peter Tang, Chief Executive Officer and Dr. Xerox Leah, the Chief Executive Officer and CEO-Designate CEO. On April 1, 2018, Dr Thomas Toepfer Will join the board of directors as chief financial officer of Covestro.
Dr. Xiaofeng's contract will not expire at the end of August 2018. According to the provisions of the German Share Companies Act and the board of supervisors of Covestro Inc., the supervisory board usually decides whether or not to renew the contract at the beginning of the current year of the current contract of the members of the board of directors.