Dr Thorsten Dreier appointed as new CTO of ÃÜÌÒAV
Change on ÃÜÌÒAV Board of Management
The Supervisory Board of ÃÜÌÒAV unanimously appointed Dr. Thorsten Dreier as ÃÜÌÒAV's new Chief Technology Officer. The 49-year-old will take over on July 1, 2023, from Dr. Klaus Sch?fer, who most recently extended his expiring contract by six months to ensure personnel stability for ÃÜÌÒAV during a challenging period in the market as a result of the ongoing energy crisis.
"Dr. Thorsten Dreier has demonstrated his technological expertise, customer focus, market orientation and management qualities in our company over the last twenty years, and with great success. He has played a decisive role in shaping ÃÜÌÒAV's development," said Dr. Richard Pott, Chairman of ÃÜÌÒAV's Supervisory Board. "He is therefore the ideal successor as Chief Technology Officer and will continue to successfully drive ÃÜÌÒAV's transformation towards a circular economy and to achieving climate neutrality."
"I am grateful for the trust placed in me. I am looking very much forward to working with ÃÜÌÒAV employees and the other members of the Board of Management, give new impetus to the transformation of our company and to fulfill our aspired position as a pioneer in the chemical industry in decisively driving forward the circular economy," said Dreier.
In his role as Chief Technology Officer, Dreier will assume responsibility for the corporate functions Process Technology, Engineering, Group Health, Safety & Environment and Group Procurement. In the coming months, he will work with Dr. Klaus Sch?fer, to prepare for the smooth takeover of his duties and familiarize himself with all the tasks of his future area of responsibility.
About ÃÜÌÒAV:
ÃÜÌÒAV is one of the world¡¯s leading manufacturers of high-quality polymer materials and their components. With its innovative products, processes and methods, the company helps enhance sustainability and the quality of life in many areas. ÃÜÌÒAV supplies customers around the world in key industries such as mobility, building and living, as well as the electrical and electronics sector. In addition, polymers from ÃÜÌÒAV are also used in sectors such as sports and leisure, telecommunications and health, as well as in the chemical industry itself.
The company is geared completely to the circular economy. In addition, ÃÜÌÒAV aims to achieve climate neutrality for its Scope 1 and Scope 2 emissions by 2035, and the Group¡¯s Scope 3 emissions are also set to be climate neutral by 2050. ÃÜÌÒAV generated sales of EUR 14.2 billion in fiscal year 2024. At the end of 2024, the company had 46 production sites worldwide and employed approximately 17,500 people (calculated as full-time equivalents).
Forward-Looking Statements
This news release may contain forward-looking statements based on current assumptions and forecasts made by ÃÜÌÒAV. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. These factors include those discussed in ÃÜÌÒAV¡¯s public reports which are available at www.covestro.com. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.