Patrick Thomas and Frank H. Lutz have been confirmed as CEO and CFO respectively of the Bayer engineering plastics spin-off Covestro – the new name for Bayer MaterialScience (BMS) – starting Sept. 1.. Thomas has been CEO of BMS since 2007, while Lutz joined the company in 2014. However, with the end of his contract in fall 2018, Patrick Thomas will have been at the top of Covestro for more than ten years and of course we respect this step. I am looking forward to continuing this successful path by further pushing boundaries together with this great team.”
We therefore thank him sincerely for his excellent work and support in facilitating a foresighted succession plan.”Patrick Thomas said: “I would like to take this opportunity to thank all employees of Covestro.

For this reason, we have examined potential candidates for succession in advance and concluded that we have an excellent successor in our own ranks with Markus Steilemann.”Steilemann is a highly qualified and experienced manager.

Covestro sees carbon as a resource and is driving a smarter use of materials in wide-ranging applications, for example, through Solar Impulse.In this video, Patrick Thomas explains the company's purpose and its approach to developing and commercialising breakthrough innovation. Under his leadership, the company has achieved remarkable success, becoming a leading innovator in the chemical industry with outstanding financial results. Gary Cohen from Health Care without Harm discusses how healthcare is transforming its relationship with the environment. Patrick Thomas During this conference Covestro CEO Patrick Thomas will present you Covestro, its vision and mission and will explain how we focus to drive innovation together with our customers.

They have done a great job in the last few years and have made Covestro a very successful company. Chairman of the Board of Management Patrick Thomas has been CEO of Covestro and its predecessor Bayer MaterialScience since 2007.

Between 2013 and 2015, Markus Steilemann headed the entire Polycarbonates segment before being appointed to the Covestro Board of Management, where he was most recently responsible for innovation and the entire Polyurethanes segment.Markus Steilemann said: “I would like to thank the Supervisory Board for the confidence they have placed in me. From 2008 onwards, he held various management positions in the Polycarbonates segment in Asia including Head of Global Industrial Marketing.

Patrick Thomas is Former Chief Executive Officer at Bayer Material Science Ltd. View Patrick Thomas’s professional profile on Relationship Science, the database of decision makers. I look forward to ensuring a successful transition over the next 16 months.”He will be succeeded by Markus Steilemann, currently Chief Commercial Officer, since 2015.Pott continued: “We consider it our duty to be prepared for possible scenarios at an early stage. Prior to that, he held various positions across the chemicals industry. “Covestro rappresenta una nuova ed audace direzione verso un futuro luminoso per un’impresa produttrice di polimeri caratterizzata dall’innovazione”, ha sottolineato Patrick Thomas, Presidente del Consiglio di amministrazione di Bayer MaterialScience e Amministratore delegato designato di Covestro. Johnson Matthey PLC has announced the appointment of Patrick Thomas, currently boss of German polymers group Covestro AG as its chairman designate with effect from 1 June 2018.. He has enjoyed a long career at Bayer, joining the company in 1999 and Bayer MaterialScience in 2004, providing him with an extensive and detailed knowledge of the business.
Thomas has been taking leading roles in numerous industry associations such as Cefic (Conseil Européen de l'Industrie Chimique / European Chemical Council), WPC (World Plastics Council) and VCI (Verband der Chemischen Industrie).

Covestro is a great company characterised by an innovative spirit, high performance and the enthusiasm of its people. Patrick Thomas has confirmed his intention to leave the chemicals company next Autumn, leading to Covestro’s board announcing Markus Steilemann as his successor today.. Richard Pott, Chairman, said: “We sincerely regret Patrick Thomas’ retirement.

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