COVTY - Covestro AG

Other OTC - Other OTC Delayed Price. Currency in USD

Covestro AG

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

SectorBasic Materials
IndustrySpecialty Chemicals
Full Time Employees17,136

Key Executives

NameTitlePayExercisedYear Born
Dr. Markus SteilemannCEO & Chairman of Management BoardN/AN/A1970
Dr. Thomas ToepferCFO, Labor Director & Member of Management BoardN/AN/A1972
Dr. Klaus SchäferCTO & Member of Management BoardN/AN/A1962
Mr. Ronald KohlerHead of Investor RelationsN/AN/AN/A
Dr. Joachim H. WolffHead of Polyurethanes Bus. UnitN/AN/A1952
Amounts are as of 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 USD.

Description

Covestro AG develops, produces, and markets polymer materials for various industries worldwide. The company operates in three segments: Polyurethanes; Polycarbonates; and Coatings, Adhesives, Specialties. The Polyurethanes segment offers precursors, such as flexible polyurethane foam primarily used in the furniture and automotive industries; and rigid foam used as insulating material in the construction industry and in refrigeration chains. The Polycarbonates segment provides high-performance plastic polycarbonates in the form of granules, composite materials, and semi-finished products for use in the automotive, construction, electrical and electronic, medical technology, and lighting industries. The Coatings, Adhesives, Specialties segment offers precursors for coatings, adhesives, and sealants, as well as specialties. This segment also provides polymer materials and aqueous dispersions for use in automotive and transportation, infrastructure and construction, wood processing, and furniture applications. It markets its products through trading houses and distributors. The company has partnership with Genomatica, Inc. to research and develop high-performance materials based on renewable feed-stocks. Covestro AG was founded in 2005 and is headquartered in Leverkusen, Germany.

Corporate Governance

Covestro AG’s ISS Governance QualityScore as of July 29, 2019 is 1. The pillar scores are Audit: 1; 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 a 10 indicates higher governance risk.