Dr. Thorsten Dreier Appointed as New CTO of Covestro

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Source: Covestro

“Dr. Thorsten Dreier has demonstrated his technological expertise, customer focus, market orientation and management qualities in our company over the last twenty years, and with great success. He has played a decisive role in shaping Covestro’s development.” - Dr. Richard Pott, Chairman of Covestro’s Supervisory Board

November 2022: The Supervisory Board of Covestro unanimously appointed Dr. Thorsten Dreier as Covestro’s new Chief Technology Officer. The 49-year-old will take over on July 1, 2023, from Dr. Klaus Schäfer, who most recently extended his expiring contract by six months to ensure personnel stability for Covestro during a challenging period in the market as a result of the ongoing energy crisis.

“Dr. Thorsten Dreier has demonstrated his technological expertise, customer focus, market orientation and management qualities in our company over the last twenty years, and with great success. He has played a decisive role in shaping Covestro’s development,” said Dr. Richard Pott, Chairman of Covestro’s Supervisory Board. “He is therefore the ideal successor as Chief Technology Officer and will continue to successfully drive Covestro’s transformation towards a circular economy and to achieving climate neutrality.”

“I am grateful for the trust placed in me. I am looking very much forward to working with Covestro employees and the other members of the Board of Management, give new impetus to the transformation of our company and to fulfil our aspired position as a pioneer in the chemical industry in decisively driving forward the circular economy,” said Dr. Dreier.

In his role as Chief Technology Officer, Dr. Dreier will assume responsibility for the corporate functions Process Technology, Engineering, Group Health, Safety & Environment and Group Procurement. In the coming months, he will work with Dr. Klaus Schäfer, to prepare for the smooth takeover of his duties and familiarize himself with all the tasks of his future area of responsibility.

About Dr. Thorsten Dreier: Dr. Thorsten Dreier, born in Münster in 1972, is currently Global Head of the Coatings & Adhesives Business Entity. He began his career in 2002 as a laboratory manager in the Bayer Group and subsequently held various management positions at Bayer, Bayer MaterialScience and Bayer Technology Services. With the spin-off of Covestro, Dreier became global Head of Production & Technology in the Coatings, Adhesives & Specialties business unit and later of the Specialty Films and Thermoplastic Polyurethanes business units. He studied chemistry and received his doctorate from the University of Münster in 2001.

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