The supervisory board of Covestro has acceded to the request from CFO and Labor Director Thomas Toepfer, Ph.D., for the early termination of his current contract, which expires on March 31, 2026. Toepfer will leave the company as of August 31, 2023, to pursue a new role as CFO at the European aircraft manufacturer Airbus. Until then, Toepfer will continue his work as CFO and labor director at Covestro. The supervisory board has started its search for a successor and will make an announcement about the opening.
Toepfer has been a member of Covestro’s board of management since April 2018 and, as chief financial officer, is responsible for accounting, controlling, and finance, among others. He has additionally held the position of labor director since January 2019.