New segment heads at Covestro

Covestro has announced managerial changes in its Polyurethanes and Coatings, Adhesives, Specialties segments effective September 1, 2017.

Michael Friede -

Dr. Markus Steilemann, who has been Chief Commercial Officer (CCO) with Board of Management responsibility for innovation, marketing and sales since April 2017, will relinquish his position as head of the Polyurethanes segment, which he has held since the start of 2016.

CEO of Covestro next year?

Plans call for Dr. Markus Steilemann to succeed Patrick Thomas as CEO of Covestro next year. The new head of the Polyurethanes segment will be Daniel Meyer, who has headed the Coatings, Adhesives, Specialties segment since 2011. He will be succeeded by Michael Friede, who currently manages the company’s global elastomers business from France.

About Dr. Markus Steilemann

Dr. Markus Steilemann can look back on a long international career that began at Bayer in 1999. In 2004, he moved to Bayer’s new MaterialScience subgroup, which now operates independently under the name Covestro. From 2008 onwards, Steilemann held various management positions in the Polycarbonates segment in Asia, including serving as head of Global Industrial Marketing. Between 2013 and 2015, he headed the entire Polycarbonates segment before being appointed to the Covestro Board of Management.

About Daniel Meyer

Daniel Meyer joined Bayer France S.A. in 1992. After transferring to Bayer AG in Leverkusen in 1997, he occupied various positions in the pigments business before becoming product manager for coating resins in 2002, initially in Europe, the Middle East and Africa, and subsequently around the world. From 2004, Meyer held a number of different positions in Asia-Pacific for a total of eight years, including managing the marketing of coating raw materials.

About Michael Friede

Michael Friede came to Bayer as a trainee. After working in the Corporate Audit department and as an assistant to the Board of Management, he spent a number of years in procurement, some of them in the United States. In 2012, he returned to Germany to manage the global key accounts team in the Coatings, Adhesives, Specialties segment. He assumed global responsibility for Covestro’s elastomers business in 2014.

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