New responsibilities on the BASF Board of Executive Directors as of January 1, 2019
Ludwigshafen, Germany – December 13, 2018 – As of January 1, 2019, BASF will have six segments instead of four. With this new segment structure, BASF will create greater transparency regarding the management of its business activities, the importance of value chains and the role of the Verbund. Together with this organizational change, the responsibilities of the Board of Executive Directors have been reallocated.
The new distribution of responsibilities, effective as of January 1, 2019, is as follows:
Dr. Martin Brudermüller (57), Chairman of the Board of Executive Directors and Chief Technology Officer, Ressort I
Legal, Taxes, Insurance & Intellectual Property; Corporate Development; Corporate Communications & Government Relations; Senior Executive Human Resources; Investor Relations; Compliance; Corporate Technology & Operational Excellence; Innovation Management
Michael Heinz (54), Industrial Relations Director, Ressort II
Engineering & Technical Expertise; Environmental Protection, Health & Safety; European Site & Verbund Management; Human Resources
Dr. Hans-Ulrich Engel (59), Vice Chairman of the Board of Executive Directors and Chief Financial Officer, Ressort III
Catalysts; Coatings; Oil & Gas; Finance; Procurement & Supply Chain Services; Digitalization & Information Services; Corporate Controlling; Corporate Audit
Dr. Markus Kamieth (48), Ressort IV
Care Chemicals; Dispersions & Pigments; Nutrition & Health; Performance Chemicals; Advanced Materials & Systems Research; BASF New Business; Region South America
Saori Dubourg (47), Ressort V
Agricultural Solutions; Construction Chemicals; Bioscience Research; Region Europe
Sanjeev Gandhi (51), Ressort VI, headquartered in Asia
Intermediates; Petrochemicals; Greater China & Functions Asia Pacific; South & East Asia, ASEAN & Australia / New Zealand
Wayne T. Smith (58), Ressort VII, headquartered in North America
Monomers; Performance Materials; Process Research & Chemical Engineering; Market & Business Development, Site & Verbund Management North America; Regional Functions & Country Platforms North America
As of January 1, 2019, the segments will each have two divisions, with the exception of the Agricultural Solutions segment, which will continue to comprise one division:
- Chemicals
Petrochemicals and Intermediates - Materials
Performance Materials and Monomers - Industrial Solutions
Dispersions & Pigments and Performance Chemicals - Surface Technologies
Catalysts and Coatings - Nutrition & Care
Care Chemicals and Nutrition & Health - Agricultural Solutions
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About BASF
At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. The more than 115,000 employees in the BASF Group work on contributing to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio is organized into four segments: Chemicals, Performance Products, Functional Materials & Solutions and Agricultural Solutions. BASF generated sales of more than €60 billion in 2017. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (BAS). Further information at www.basf.com.
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