BASF Appoints Martin Brudermueller to Succeed Kurt Bock as CEO
21 December 2017 - 08:49PM
Dow Jones News
By Sonia Amaral Rohter
BASF SE (BAS.XE) said Thursday that it has appointed Martin
Brudermueller to succeed Kurt Bock as chief executive officer as
part of its long-term succession planning.
Mr. Brudermueller, 56, will take the helm effective May 4. Mr.
Brudermueller is currently BASF's chief technology officer and
deputy CEO. He has been with the company since 1988.
Mr. Brudermueller succeeds Kurt Bock, who has been BASF's chief
executive since 2011 and a member of the board since 2003. The
company has asked Mr. Bock to stand for election to its supervisory
board in 2020 following the end of the statutory two-year
cooling-off period.
BASF also appointed Chief Financial Officer Hans-Ulrich Engel as
deputy CEO and extended the board appointments of Mr.
Brudermueller, Mr. Engel and Sanjeev Gandhi by five years. Mr.
Engel, 58, will retain his position as CFO.
In addition, in May the number of board members will be reduced
to seven from eight, the company said.
Write to Sonia Amaral Rohter at
sonia.amaralrohter@dowjones.com
(END) Dow Jones Newswires
December 21, 2017 04:34 ET (09:34 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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