Covestro Set to Begin Leadership Transition as CFO Christian Baier Confirms Departure

BoredApeResistance · 2025-12-26T01:06:04+00:00

Covestro AG's CFO Christian Baier will leave his position in September 2026, allowing time for a successor search. Baier will maintain his responsibilities until then, as the company navigates the market and prepares for this transition.

BoredApeResistance

2025-12-26 01:06:04

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Specialty chemicals manufacturer Covestro AG has disclosed an important staffing shift within its executive ranks. Christian Baier, the company’s Chief Financial Officer, is scheduled to exit his position when his contract concludes in September 2026. The decision, made proactively by Baier, was communicated to the Supervisory Board Chairman sufficiently in advance to allow for a thorough and methodical search process for his replacement.

The successor selection initiative will be undertaken by the Supervisory Board following standard procedures. Throughout the interim period until his final departure, Baier is expected to maintain full responsibility for his current operational duties and portfolio.

Since joining Covestro’s Board of Management in October 2023, Baier has held comprehensive oversight of the accounting, controlling, and finance divisions, along with additional strategic responsibilities. His tenure has coincided with the company’s navigating various market conditions in the specialty chemicals sector.

Current market activity reflects investor positioning, with Covestro AG shares demonstrating marginal upward movement, trading at EUR 60.02 on the XETRA exchange, up 0.03% in recent trading sessions. The company continues to execute its operational agenda while preparing for this executive transition.

The announcement signals that Covestro is taking a measured approach to leadership continuity, with ample runway to identify and onboard qualified candidates for this critical financial leadership role.

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