Chemistry - BASF appoints board member Markus Kamieth as new CEO
The chemical company BASF is making its Board of Executive Directors member Markus Kamieth its new CEO. The 53-year-old manager will succeed outgoing CEO Martin Brudermüller (62) at the end of the Annual General Meeting on April 25, the DAX-listed company announced on Wednesday following a decision by the Supervisory Board. Kamieth has been a member of the Board of Executive Directors since 2017 and has been responsible for the China business and several other business areas. Brudermüller has led BASF since 2018 and will retire in April.
Announcement
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- Renowned personalities in the field of Chemistry, such as Markus Kamieth and former CEO Martin Brudermüller, have shaped the success of the German chemical group BASF, particularly in its headquarters in Ludwigshafen.
- The upcoming Annual General Meeting of BASF will mark the transition in leadership, with current Board member Markus Kamieth replacing Martin Brudermüller, who has contributed significantly to the company's growth as its CEO since 2018.
- The Supervisory Board of BASF has identified Kamieth as an ideal candidate to lead the chemical group due to his extensive experience in managing the China business and other key areas, which he has been overseeing since joining the company's Board of Executive Directors in 2017.
- As a prominent European chemical group, BASF has consistently showcased its commitment to innovation and sustainability, with key decisions like its CEO succession serving to further strengthen its position in the international chemical industry.
Source: www.stern.de
