Although his contract was not due for renewal for 9 more months, member of the Covestro Board of Management Thomas Toepfer has nonetheless already signed on for an additional five years. The CFO became a member of the board 1 April 2018.
His new contract runs from 1 April 2021 to 31 March 2026.
In his role as CFO, he oversees accounting, controlling and finance. He is also responsible for investor relations, information technology, portfolio development, tax and legal affairs as well as intellectual property and compliance.
In January 2019, he also became the labour director at Covestro AG. By extending Toepfer’s contract ahead of schedule, the company took a major step to ensure continuity in economically challenging times.
Thomas Toepfer is part of the four-member Board of Management at Covestro. The three other members are Markus Steilemann, CEO; Sucheta Govil, CCO; and Klaus Schäfer, CTO.