BASF SE Announces New Executive Appointment and Departure

Stephan Kothrade

(IN BRIEF) BASF SE has appointed Dr. Stephan Kothrade, President of Intermediates, to its Board of Executive Directors, effective March 1, 2023. Kothrade has been with BASF since 1995 and has led the Intermediates division since 2022. The company has also announced the departure of Saori Dubourg, effective February 28, 2023, in mutual agreement, and thanks her for her successful work.

(PRESS RELEASE) LUDWIGSHAFEN, 22-Feb-2023 — /EuropaWire/ —  BASF (ETR: BAS), the world’s largest chemical producer, BASF SE has announced changes to its Board of Executive Directors, effective March 1, 2023. Dr. Stephan Kothrade, currently President of Intermediates, has been appointed to the Board of Executive Directors. Kothrade has been with BASF since 1995 and has led the Intermediates division since 2022. The company thanks Saori Dubourg for her contributions and announces her departure, effective February 28, 2023, in mutual agreement. The Supervisory Board wishes Dubourg continued success in her professional and private life.

Dr. Kurt Bock, Chairman of the Supervisory Board of BASF SE: “Stephan Kothrade has proven himself in several leadership roles in Germany and abroad. He has worked successfully for many years at our Verbund sites in Europe and Asia and will complement the Board of Executive Directors in an excellent way.”

Dr. Stephan Kothrade is a German chemist. He currently serves as the President of the Intermediates division of the company. Kothrade has been with BASF since 1995 and has held various leadership positions, including Senior Vice President of Plant Operations, Engineering & Infrastructure, and Managing Director of Nanjing Verbund Site in China. He holds a doctorate in Organic Chemistry from Ludwig-Maximilians-University of Munich.

About BASF

At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. Around 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 €78.6 billion in 2021. BASF shares are traded on the stock exchange in Frankfurt (BAS) and as American Depositary Receipts (BASFY) in the U.S. Further information at www.basf.com.

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SOURCE: BASF SE