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on Covestro AG (ETR:DE000606)

Covestro AG CEO Markus Steilemann to Step Down in 2028

Covestro AG has announced that its Chief Executive Officer, Dr Markus Steilemann, will not extend his contract beyond May 31, 2028. Dr Steilemann informed the Chairman of the Supervisory Board of his decision, indicating he would not serve another term. The Supervisory Board plans to begin a structured succession process to find a new CEO.

Dr Steilemann has committed to ensuring a smooth transition to his successor. With the announcement released on February 23, 2026, Covestro AG prepares for leadership changes in the coming years. Ronald Köhler, Head of Investor Relations, is the contact for further information regarding this executive board decision.

R. E.

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