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Covestro AG (1COV.DE)

XETRA - XETRA Delayed price. Currency in EUR
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49.76+0.01 (+0.02%)
As of 12:25PM CEST. Market open.

Covestro AG

Kaiser-Wilhelm-Allee 60
Leverkusen 51373
Germany
49 214 6009 2000
https://www.covestro.com

Sector(s)Basic Materials
IndustrySpecialty Chemicals
Full-time employees17,543

Key executives

NameTitlePayExercisedYear born
Dr. Markus SteilemannCEO & Chairman of Management Board2.97MN/A1970
Mr. Christian BaierCFO & Member of Management Board4.73MN/A1976
Ms. Sucheta GovilChief Commercial Officer & Member of Management Board1.54MN/A1963
Dr. Thorsten DreierCTO & Member of Management Board2.37MN/AN/A
Mr. Ronald KoehlerHead of Investor RelationsN/AN/AN/A
Mr. Uwe ArndtHead of MDI SiteN/AN/AN/A
Mr. Nils JanusHead of Artificial IntelligenceN/AN/AN/A
Ms. Sophie von SaldernGlobal Head of Human ResourcesN/AN/AN/A
Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in EUR.

Description

Covestro AG supplies high-tech polymer materials and application solutions. It operates in two segments, Performance Materials, and Solutions & Specialties. The Performance Materials segment develops, produces, and supplies high-performance materials, such as polyurethanes and polycarbonates, and base chemicals, which include diphenylmethane diisocyanate (MDI), toluylene diisocyanate, long-chain polyols, and polycarbonate resins for use in furniture and wood processing, construction, automotive, and transportation industries, as well as roof structures, insulation for buildings and refrigerators, mattresses, car seats, and other applications. The Solutions & Specialties segment comprises a range of polymer products, including polycarbonates, precursors for coatings and adhesives, MDI specialties and polyols, thermoplastic polyurethanes, specialty films, and elastomers that are used in automotive and transportation, electrical, electronics and household appliances, construction, and healthcare industries, as well as composite resins for solar panel frames, laptops, floodlights, and electric vehicle batteries. The company markets its products through trading houses and distributors. It operates in Europe, the Middle East, Africa, Latin America, the United States, Canada, and the People's Republic of China. The company was founded in 1863 and is headquartered in Leverkusen, Germany.

Corporate governance

Covestro AG’s ISS governance QualityScore as of 1 June 2024 is 2. The pillar scores are Audit: 7; Board: 2; Shareholder rights: 1; Compensation: 1.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.