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The board of directors team of covestro has appointed the supervisory board of Bayer Material Technology Co., Ltd. (future covestro Germany Co., Ltd.), and has appointed the members of the management board of future covestro, which will take effect on September 1st, 2015. Patrick Thomas (57) has been confirmed as the chairman of the management board of costron and the Global CEO of Bayer materials technology since 2007. Frank h. Lutz (46 years old), who joined Bayer materials technology in October 2014, will remain the CFO of covestro. In addition, he will replace Michael Bernhardt (48 years old) as the general manager of labor. Michael Bernhardt will leave the management board and take charge of the expanded human resources department of covestro

newly appointed to the management board are Dr. Klaus Sch low carbon steel and cast iron compression testing afer (52 years old) and Dr. Markus steilemann (45 years old). Dr. Xiaofeng will be in charge of the industrial operation Department (chief industrial operation officer) responsible for production and technology in the board of directors. Dr. Xerox will initially be responsible for innovation in the board of directors, and he will remain the head of the global polycarbonate business until December 31, 2015. From January 1st, 2016, he will be additionally responsible for the global polyurethane business department in the board of directors. Dr. Joachim Wolff, who is currently in charge of the global polyurethane business department, will retire on December 31, 2015. Daniel Meyer, the current head of the global coatings, adhesives and specialty chemicals department, will continue to be responsible for the operation of the business department. The new head of global polycarbonate business department will be announced later

"we firmly believe that we have made the right personnel decisions for the success of independent covestro. Under the leadership of this experienced management team, we will continue to maintain a leading position in the global arena free of water, acid and other mixtures, and continue to develop rapidly in the future", said Dr. Richard Pott, chairman of the supervisory board of Bayer Materials Technology Co., Ltd. Tang Peide added, "in the future, i.e. whether the experimenters are operating correctly; their goal is to get closer to customers, enhance innovation ability, and improve efficiency and profits, all of which are crucial for covestro. I eagerly look forward to working hand in hand with the new management board team."

Dr. Klaus Schafer has been a member of the Executive Committee of Bayer materials technology since January 1st, 2015, and served as the director of the industrial operation Department. Dr. Xiao Feng was born in bluer, Germany on September 2, 1962. He majored in physics at the University of Cologne, Germany, where he received his doctorate. In 1991, he began his career as an engineer in the petrochemical company, a joint venture between Bayer and BP. He has held many positions in production and technology departments. In 2000, he was transferred to BP in Grangemouth, Scotland, where he was responsible for the technical infrastructure of the refinery

in 2001, Dr. Xiao Feng joined Bayer Group and was responsible for global process control technology in the plastic business group. In a series of evolution of the company - first established Bayer polymer company in 2002, and then established Bayer materials technology - he is mainly responsible for the technical services and infrastructure services of the company's production facilities. In 2006, Dr. Xiao Feng was appointed as a member of the management board of Bayer industrial services (now currenta, a joint venture between Bayer and LANXESS). 4. Shear strength and chairman

five years later, he became the president of Bayer materials technology company in China. In 2013, before taking the post of director of the current industrial operation Department, he was responsible for the leadership of the production and Technology Department of the polyurethane business department

Dr. Markus steilemann has been a member of the Executive Committee of Bayer materials technology and the head of the global polycarbonate business since April 1, 2013. In 1999, Dr. Xerox joined Bayer's former enterprise planning department as an internal consultant. He has held many positions and has accumulated rich experience in business model development, organizational development, supply chain and other fields

in January, 2008, he was assigned to the polycarbonate business department in Hong Kong and held leadership positions in different regional business divisions. In August, 2011, Xerox was transferred to the global headquarters of polycarbonate business department in Shanghai. In July 2012, he was appointed head of global industrial marketing of polycarbonate

Dr. Xerox was born on April 30, 1970 in Galen kilchen, Germany. He studied chemistry at the Technical University of Aachen in Germany and the University of Zurich in Switzerland, and obtained a doctor's degree and a master's degree in engineering chemistry at the Technical University of Aachen

from September 1st, 2015, Bayer materials technology will be renamed as kostron. Bayer plans to list the company on the stock market by mid-2016 at the latest. Bayer materials technology's spin off plan was announced in September 2014

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