Change in leadership: BASF decides on succession
Effective at the end of the Annual Shareholders’ Meeting on May 4, 2018, Dr. Martin Brudermüller (56), currently Vice Chairman of the Board of Executive Directors, will become Chairman of the Board of Executive Directors of BASF SE.
Succession for Kurt Bock
Brudermüller (56) will succeed Dr. Kurt Bock (59), who is BASF’s Chairman since 2011 and has been a member of the Board of Executive Directors since 2003. This change will allow Bock to be elected as a member and chair of BASF’s Supervisory Board in 2020 after the end of the statutory two-years cooling-off period.
New Vice Chairman
Dr. Hans-Ulrich Engel (58) was appointed as new Vice Chairman of the Board of Executive Directors. Furthermore, the Supervisory Board extended the appointments of Brudermüller, Engel and Sanjeev Gandhi (51) to the Board of Executive Directors by five years until the Annual Shareholders’ Meeting 2023. In the course of the changes, the number of Board members will be reduced from eight to seven in May 2018.