June 05, 2019

Sucheta Govil to become Chief Commercial Officer of Covestro

The material manufacturer Covestro has chosen a Chief Commercial Officer (CCO), the last position to be filled on its Management Board. At its meeting on Tuesday, the Supervisory Board unanimously appointed Sucheta Govil (55) for this position. By August 1, 2019, she will take over from Dr. Markus Steilemann, who has so far continued to work as CCO on top of his role as CEO. Govil will be responsible for the three business segments Polyurethanes, Polycarbonates as well as Coatings, Adhesives, Specialties. Additionally she will assume board responsibility for the new Central Marketing, the Innovation Management & Commercial Services and the Supply Chain Centers in the three major regions.

Dr. Richard Pott, Chairman of the Supervisory Board of Covestro said: "With Sucheta Govil we have been able to secure a successful and highly regarded sales and marketing executive for our company. With her certified experience she is an ideal addition to our management team and will thus shape the future of Covestro."

"I am delighted to have the opportunity to further develop the business with fresh ideas and to move it forward globally, along with the whole Covestro team and my new colleagues on the Managing Board," said Govil.

Sucheta Govil was born in September 1963 in India, and has been working as a non-executive Director at Eurocell plc in London, a leading supplier of building products, since October 1, 2018. Beforehand she held leading marketing roles at the Life Sciences and Material Sciences company DSM in the Netherlands, and at Akzo Nobel Decorative Paints in the UK. She has held other positions over the course of her career including Vice President for Innovation, Commercial & Marketing at PepsiCo in AMEA (Asia, Middle East, Africa) and General Manager for Global Nutritionals Category at GlaxoSmithKline in India and the UK. She holds a Post Graduate Diploma for Business Management from the Indian Institute of Management in Calcutta, as well as a Bachelor of Arts in Economics from the St. Stephen´s Institute of the University of Delhi.

About Covestro:
With 2018 sales of EUR 14.6 billion, Covestro is among the world's largest polymer companies. Business activities are focused on the manufacture of high-tech polymer materials and the development of innovative solutions for products used in many areas of daily life. The main segments served are the automotive, construction, wood processing and furniture, and electrical and electronics industries. Other sectors include sports and leisure, cosmetics, health and the chemical industry itself. Covestro has 30 production sites worldwide and employs approximately 16,800 people (calculated as full-time equivalents) at the end of 2018.

Find more information at www.covestro.com. Follow us on Twitter: https://twitter.com/covestro

Forward-looking statements
This news release may contain forward-looking statements based on current assumptions and forecasts made by Covestro AG. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. These factors include those discussed in Covestro's public reports which are available at www.covestro.com. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.
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