Adapting to New Priorities: BASF SE’s Executive Board Realignment

Adapting to New Priorities: BASF SE’s Executive Board Realignment

(IN BRIEF) BASF SE, a global chemicals and materials company, has announced strategic changes in the responsibilities of its Board of Executive Directors. Dr. Stephan Kothrade will take on additional roles as Chief Technology Officer and oversee Group Research, effective January 1, 2024. He will also be responsible for various regions and projects from March 1, 2024. Dr. Katja Scharpwinkel will assume the role of Industrial Relations Director and take charge of the Europe region, starting February 1, 2024. Dr. Dirk Elvermann, the Chief Financial Officer and Chief Digital Officer, will also lead BASF Venture Capital from January 1, 2024. These changes aim to optimize leadership roles within the company, ensuring alignment with evolving priorities.

(PRESS RELEASE) LUDWIGSHAFEN, 20-Dec-2023 — /EuropaWire/ — BASF SE (ETR: BAS), the world’s largest chemical producer, announces that following the decisions made by the Supervisory Board of BASF SE on December 20, 2023, several key changes in responsibilities within BASF’s Board of Executive Directors have been unveiled:

Effective January 1, 2024, Dr. Stephan Kothrade, a Board member, will take on additional responsibilities, including Group Research and the role of Chief Technology Officer, succeeding Melanie Maas-Brunner. Dr. Kothrade will also oversee Greater China; South & East Asia; ASEAN & Australia/New Zealand; and Mega Projects Asia, effective March 1, 2024.

On February 1, 2024, Dr. Katja Scharpwinkel will assume the role of Industrial Relations Director of BASF SE. Furthermore, she will take charge of the Europe region, taking over from Stephan Kothrade.

Dr. Dirk Elvermann, a member of the Board, Chief Financial Officer, and Chief Digital Officer, will additionally oversee BASF Venture Capital GmbH, starting January 1, 2024.

As of March 1, 2024, the following responsibilities within the Board of Executive Directors will come into effect:

• Dr. Martin Brudermüller/Dr. Markus Kamieth (effective at the end of the Annual Shareholders’ Meeting on April 25, 2024), Chairman of the Board of Executive Directors, Ressort I: Corporate Development; Corporate Legal, Compliance & Insurance; Corporate Human Resources; Corporate Communications & Government Relations; Corporate Investor Relations; Senior Project Net Zero Accelerator
• Dr. Dirk Elvermann, Chief Financial Officer, Chief Digital Officer, Ressort II: Corporate Finance; Corporate Audit; Corporate Taxes & Duties; Global Business Services; Global Digital Services; Global Procurement; BASF Venture Capital
• Dr. Katja Scharpwinkel, Industrial Relations Officer, Ressort III: European Site & Verbund Management; Global Engineering Services; Corporate Environmental Protection, Health, Safety & Quality; Europe
• Dr. Stephan Kothrade, Chief Technology Officer, Ressort IV (Ludwigshafen and Singapore): Monomers; Performance Materials; Petrochemicals; Intermediates; Group Research; Greater China; South & East Asia, ASEAN & Australia/New Zealand; Mega Projects Asia
• Michael Heinz, Ressort V (Florham Park, New Jersey/USA): Agricultural Solutions; Nutrition & Health; Care Chemicals; North America; South America
• Anup Kothari, Ressort VI: Catalysts; Coatings; Dispersions & Resins; Performance Chemicals

These strategic changes aim to enhance efficiency and align the leadership team with the company’s evolving priorities and goals.

About BASF

At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. More than 111,000 employees in the BASF Group contribute to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio comprises six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. BASF generated sales of €87.3 billion in 2022. BASF shares are traded on the stock exchange in Frankfurt (BAS) and as American Depositary Receipts (BASFY) in the United States. Further information at www.basf.com.

Media contact:

Dr. Nina Schwab-Hautzinger
Senior Vice President
Corporate Communications & Government Relations
+49 621 60-42023

SOURCE: BASF SE