Covestro boss becomes Vice President of the VCI

German Chemical Industry Association reorganizes top


• Markus Steilemann advocates dialogue in industry and society

Covestro CEO Dr. Markus Steilemann will be the new Vice President of the German Chemical Industry Association (VCI). The presidium appointed the 49-year-old to the new position, in a written circulation procedure on account of the corona pandemic. He will assume his office with immediate effect. By-elections by the General Meeting are planned for September 2020 in Düsseldorf. In his new position, the graduate chemist is now also a member of the VCI Board of Management. Steilemann has been a member of the association's presidium since 2018.

“Especially in these challenging times, I am very much looking forward to this new task,” said Steilemann. “I will be particularly committed to further expanding the dialogue within the chemical and plastics industry and to networking it even more closely with society. This is the sole means of achieving a viable, truly sustainable economy. Our industry, with its high level of innovation, is a key partner on the path to this goal. This makes it even more important to secure and expand our global competitiveness and innovative capability.”

In addition, Christian Kullmann, Chairman of the Board of Management of Evonik, was appointed Chairman of the VCI as part of the presidium election. He succeeds the former Henkel CEO Hans van Bylen. The VCI represents the economic policy interests of around 1,700 German chemical companies and local subsidiaries of foreign groups vis-à-vis politicians, authorities, science and media, as well as other sectors of the economy.


About Covestro:

With 2019 sales of EUR 12.4 billion, Covestro is among the world’s largest polymer companies. Business activities are focused on the manufacture of high-tech polymer materials and the development of innovative solutions for products used in many areas of daily life. The main segments served are the automotive, construction, wood processing and furniture, and electrical and electronics industries. Other sectors include sports and leisure, cosmetics, health and the chemical industry itself. Covestro has 30 production sites worldwide and employs approximately 17,200 people (calculated as full-time equivalents) at the end of 2019.


Forward-looking statements


This news release may contain forward-looking statements based on current assumptions and forecasts made by Covestro AG. 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 Covestro’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.