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Dr. Markus Steilemann
Chief Executive Officer
Year of Birth: 1970
Nationality: German
Biography
Dr. Markus Steilemann has been CEO of Covestro since June 2018. His area of responsibility includes central functions such as strategy, sustainability, human resources and communication. The strategic focus of his work is the comprehensive orientation of the company towards a fully circular economy.
Born in 1970 in Geilenkirchen, Germany, Steilemann studied chemistry at RWTH Aachen University and at ETH Zurich. He graduated from Aachen with a doctorate, where he also obtained a diploma in business administration.
In 1999, Steilemann started his professional career with the Bayer Group. From 2008, he held senior management positions in the polycarbonates division of Bayer MaterialScience, the predecessor organization of Covestro. From 2013 to 2015, he headed the entire segment with headquarters in China, where he lived for several years.
Back in Germany, in 2015, Steilemann became a member of the board of Covestro with responsibility for innovation. In the following year, he was appointed head of the Polyurethanes division. In 2017, as Chief Commercial Officer (CCO), he assumed responsibility for all three segments of the company, including innovation, marketing and sales.
Steilemann is active in numerous associations and organizations. He holds the presidency of PlasticsEurope, the Association of Plastics Manufacturers in Europe. He is also Vice President of the German Chemical Industry Association (VCI). He is also a member of the Bureau of the European Chemical Union (Cefic) and of the Executive Board of the ICCA, the World Association of Chemical Associations.
Initial appointment: Sept 1, 2015
Current contract: June 1, 2018 - May 31, 2023

Sucheta Govil
Chief Commercial Officer
Year of Birth: 1963
Nationality: British citizen of Indian origin
Biography
Sucheta Govil has been a member of Covestro's Management Board since August 2019. As Chief Commercial Officer (CCO), she is in charge of the three divisions Polyurethanes, Polycarbonates and Coatings, Adhesives, Specialties. Govil is also responsible for the Central Marketing, for Innovation Management & Commercial Services as well as for the Supply Chain Centers in the three major regions EMLA, NAFTA and APAC.
Being British citizen of Indian origin born in 1963 , Govil studied at the University of Delhi and at the Indian Institute of Management in Calcutta, where she graduated with a post-graduate degree in Business Management. During her professional career, she held various management positions in marketing and innovation worldwide, among others at GlaxoSmithKline, PepsiCo, AkzoNobel and DSM. She also currently serves as a Non-Executive Director at Eurocell plc in London, a leading supplier of building products.
Initial appointment: Aug 1, 2019
Current contract: Aug 1, 2019 - Jul 31, 2022
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Year of Birth: 1972
Nationality: German
Biography
Dr. Thomas Toepfer has been member of the Board of Management since April 2018 and the company’s Labor Director since January 2019. As Chief Financial Officer (CFO) at Covestro, he is responsible for Accounting, Controlling and Finance. He also oversees Investor Relations, Information Technology, Portfolio Development, Taxes and Law, Intellectual Property & Compliance.
Born in Hamburg, Germany, in 1972, Toepfer holds a PhD in Business Administration from Otto Beisheim Graduate School of Management (WHU), Koblenz. He worked as a consultant with McKinsey & Company, Inc. and in leading management positions for STILL GmbH, Karstadt Warenhaus GmbH amongst others. Before joining Covestro he was a member of the Executive Board, Chief Financial Officer and Labor Director of KION GROUP AG.
Initial appointment: Apr 1, 2018
Current contract: Apr 1, 2021 - Mar 31, 2026

Sucheta Govil
Chief Commercial Officer
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Moody's Issuer Rating | Outlook | Last Update |
---|---|---|
Baa2 | stable | Oct. 7, 2015 |
Baa2 | stable | June 10, 2016 |
Baa2 | positive | Dec. 19, 2017 |
Baa1 | stable | July 30, 2018 |
Baa1 | stable | July 2, 2019 |
Baa2 | negative | June 2, 2020 |
Baa2 | stable | March 31, 2021 |

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