LEVERKUSEN, Germany — The Supervisory Board of Covestro AG has extended the contract of Board of Management member Thomas Toepfer by five years from April 1, 2021, to March 31, 2026. Toepfer has been a member of the Management Board of Covestro AG since April 1, 2018. As the company’s Chief Financial Officer (CFO), he oversees accounting, controlling and finance. He is also responsible for investor relations, information technology, portfolio development, tax and legal affairs as well as intellectual property and compliance. In January 2019, he took on the additional position of Labor Director at Covestro AG. By extending Toepfer’s contract ahead of schedule, the company took a major step to ensure continuity in economically challenging times.

Following the extension of his contract, Toepfer said, “I am looking forward to successfully and sustainably shaping the future of Covestro along with the Board of Management team and our employees. At the same time, I would like to thank our Supervisory Board for the trust they have placed in me.”