German speciality chemical company Covestro AG has announced managerial changes in its polyurethanes and coatings, adhesives, specialties segments effective Sept. 1.
Markus Steilemann, who has been chief commercial officer (CCO) with board of management responsibility for innovation, marketing and sales since April, will relinquish his position as head of the polyurethanes segment when he replaces CEO Patrick Thomas next year.
The current head of coatings, adhesives and specialties, Daniel Meyer, will head the polyurethane segment.
Michael Friede, who currently manages the company's global elastomers business from France, will replace Meyer.