The Supervisory Board of Bayer MaterialScience (Leverkusen, Germany) has named the members of the future Covestro Board of Management, effective September 1, 2015. Described as an ‘experienced management team,’ the new board is made up of a well-balanced mix of old names and new. Not surprisingly, Patrick Thomas (57) has been confirmed as Chairman of the Board of Management of Covestro.
Thomas, who joined Bayer MaterialScience in 2006, has been CEO of Bayer MaterialScience since 2007. Thomas is also President of PlasticsEurope, the European association of plastics producers.
Frank H. Lutz (46), who joined Bayer MaterialScience in October 2014, will remain Chief Financial Officer of Covestro. Moreover, he will assume the function of Labor Director from Michael Bernhardt (48), who will leave the Board of Management to head an expanded Human Resources function for Covestro.