Diversity Boost: Tamara Weinert’s Nomination for BASF Supervisory Board

Diversity Boost: Tamara Weinert’s Nomination for BASF Supervisory Board

(IN BRIEF) BASF SE’s Supervisory Board has nominated Tamara Weinert (58), currently President and CEO of Business Area Americas at Outokumpu in the United States, as a shareholder representative on the Supervisory Board. The election is scheduled for the Annual Shareholders’ Meeting on April 25, 2024. Weinert is set to succeed Dame Alison Carnwath (70), who has been a member of BASF’s Supervisory Board since 2014 but will not seek re-election due to her tenure. Dr. Kurt Bock, Chairman of the Supervisory Board of BASF SE, highlighted Weinert’s competence and experience, emphasizing her role in strengthening diversity and independence on the Board. Weinert brings a background in finance, risk management, sales, and circular solutions, making her a valuable addition to the Board.

(PRESS RELEASE) LUDWIGSHAFEN, 20-Dec-2023 — /EuropaWire/ — The Supervisory Board of BASF SE (ETR: BAS), the world’s largest chemical producer, acting upon the proposal of the Nomination Committee, has put forth the nomination of Tamara Weinert (58) for election as a shareholder representative on the Supervisory Board. This nomination comes as an important step, with the election scheduled to take place at the Annual Shareholders’ Meeting of BASF SE on April 25, 2024.

Tamara Weinert, currently serving as the President and Chief Executive Officer of Business Area Americas at Outokumpu in the United States, is the chosen nominee to succeed Dame Alison Carnwath (70). Dame Carnwath has been a dedicated member of BASF’s Supervisory Board since May 2014. However, she has decided not to seek re-election due to her tenure, which would no longer qualify her as independent as per the criteria outlined in the German Corporate Governance Codex for another four-year term.

Dr. Kurt Bock, Chairman of the Supervisory Board of BASF SE, commented on the nomination, stating, “With Tamara Weinert, we have been able to find an experienced and competent leader as a candidate for election to the Supervisory Board of BASF SE. She will strengthen the diversity and independence of the Board.” The primary objective in the selection process is to ensure qualified oversight and guidance for the Board of Executive Directors of BASF SE.

Tamara Weinert holds an MBA in Finance from Manchester Business School, United Kingdom, and an MSc in Protected Landscape Management from the University of Greenwich, United Kingdom. Her professional journey commenced at Deutsche Bank, where she held various positions across Europe and Asia. Since 2021, Tamara Weinert has been serving as the President and Chief Executive Officer of Business Area Americas and is a member of the Leadership Team at Outokumpu, a globally recognized supplier of sustainable stainless steel. Weinert brings proven expertise in finance, risk management, sales, and a wealth of operational and strategic management experience from her international roles, including a focus on circular solutions such as recycling in the steel industry.

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 contacts:

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

Stefanie Wettberg
Dr. Stefanie Wettberg
Senior Vice President Investor Relations
+49 621 60-48002
+49 1520 930 7321

SOURCE: BASF SE