Covestro AG (1COV.DE)

48.50 0.00 (0.00%) As of 03:01PM CEST. Market open.

Covestro AG

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

Sector(s): Basic Materials
Industry: Specialty Chemicals
Full-time employees: 16,181

Key executives

Name	Title	Pay	Exercised	Year born
Dr. Markus Steilemann	CEO & Chairman of Management Board	2.97M	N/A	1970
Mr. Christian Baier	CFO & Member of Management Board	4.73M	N/A	1976
Ms. Sucheta Govil	Chief Commercial Officer & Member of Management Board	1.54M	N/A	1963
Dr. Thorsten Dreier	CTO & Member of Management Board	2.37M	N/A	N/A
Mr. Ronald Koehler	Head of Investor Relations	N/A	N/A	N/A
Mr. Uwe Arndt	Head of MDI Site	N/A	N/A	N/A
Mr. Nils Janus	Head of Artificial Intelligence	N/A	N/A	N/A
Ms. Sophie von Saldern	Global Head of Human Resources	N/A	N/A	N/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 April 2024 is 2. The pillar scores are Audit: 7; Board: 2; Shareholder rights: 1; Compensation: 2.

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.