LEVERKUSEN, Germany - One of the world’s leading polymer materials suppliers has a new identity. As of September 1, 2015, Bayer MaterialScience is operating under the Covestro name. The company is now legally and economically independent, but will remain a 100-percent subsidiary of Bayer AG. Bayer wants to float Covestro on the stock market by mid-2016 at the latest in order to concentrate exclusively on the life sciences businesses.
Covestro has a new, colorful logo. Its vision is also new: To make the world a brighter place. “We fulfill this vision by inspiring innovation and driving growth through profitable technologies and products that benefit society and reduce environmental impacts,” said Covestro CEO Patrick Thomas.
A four-member board of management manages Covestro. Members of the Board chaired by CEO Patrick Thomas also include Frank H. Lutz (Finance, Labor Director), Dr. Klaus Schaefer (Production and Technology) and Dr. Markus Steilemann (Innovation).