BASF CFO Hans-Ulrich Engel to Retire
20 October 2022 - 9:16PM
Dow Jones News
By Ed Frankl
BASF SE said Thursday that Chief Financial Officer Hans-Ulrich
Engel will retire in 2023, and named a company veteran as his
replacement.
Mr. Engel will step down after the annual shareholders' meeting
next year, to be replaced by Dirk Elvermann, who has led BASF's
corporate finance division since 2019, the German chemical company
said.
Mr. Elvermann, who also becomes chief digital officer, has been
with the Ludwigshafen-based company since 2003, and was previously
CFO at Wintershall Holding GmbH, it said.
BASF added that its supervisory board extended Chief Executive
Martin Brudermueller's contract to 2024 from its previous end date
in 2023.
Write to Ed Frankl at edward.frankl@dowjones.com
(END) Dow Jones Newswires
October 20, 2022 06:01 ET (10:01 GMT)
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