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Covestro AG (1COV.DE)

XETRA - XETRA Delayed Price. Currency in EUR
36.62+0.58 (+1.61%)
As of 02:22PM CET. Market open.
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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 Employees18,064

Key Executives

NameTitlePayExercisedYear Born
Dr. Markus SteilemannCEO & Chairman of Management Board3.42MN/A1970
Dr. Thomas ToepferCFO, Labor Director & Member of Management Board2.01MN/A1972
Dr. Klaus SchäferCTO & Member of Management Board1.64MN/A1962
Ms. Sucheta GovilChief Commercial Officer & Member of Management Board1.6MN/A1963
Mr. Ronald KoehlerHead of Investor RelationsN/AN/AN/A
Dr. Joachim H. WolffHead of Polyurethanes Bus. UnitN/AN/A1952
Mr. Daniel MeyerHead of Polyurethanes (PU) SegmentN/AN/A1967
Ms. Michelle B. B. JouHead of Polycarbonates SegmentN/AN/A1969
Mr. Michael FriedeHead of S Coatings, Adhesives, Specialties SegmentN/AN/AN/A
Mr. Uwe ArndtHead of MDI SiteN/AN/AN/A
Amounts are as of December 31, 2021 and compensation values are for the last fiscal year ending on that date. Pay is 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 related 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 precursors for coatings and adhesives, polycarbonates, MDI specialties and polyols, specialty films, elastomers, and thermoplastic polyurethanes that are used in automotive and transportation, electrical, electronics and household appliances, construction, and healthcare industries, as well as composite resins for wind turbine, rotor blades, laptop cases, and floodlights. 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 December 1, 2022 is 2. The pillar scores are Audit: 8; Board: 4; 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 a 10 indicates higher governance risk.
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