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Germany: Reorganization BASF Reduces Executive Board from Seven to Six Members

| Editor: Alexander Stark

BASF reduces Board of Executive Directors from seven to six members BASF has announced that its Board of Executive Directors will be reduced from seven to six members as of January 1, 2020. Board member Sanjeev Gandhi will leave the company at his own request.

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As of January 1, 2020, BASF's Executive Board will be reduced from seven to six members.
As of January 1, 2020, BASF's Executive Board will be reduced from seven to six members.
(Source: BASF)

Ludwigshafen - As part of the ongoing efficiency measures at BASF, the Board of Executive Directors will be reduced by one member starting next year. As part of the reorganization, the company's cross-divisional service units "Global Engineering Services", "Global Digital Services" and "Global Business Services" will also assume end-to-end services.

As a result of these changes, the Board of Executive Directors has decided to reallocate responsibilities as of January 1, 2020:

Dr. Martin Brudermüller (58), Chairman of the Executive Board and Chief Technology Officer

Corporate Legal, Compliance, Tax & Insurance; Corporate Development; Corporate Communications & Government Relations; Corporate Human Resources; Corporate Investor Relations

Dr. Hans-Ulrich Engel (60), Deputy Chairman of the Management Board and Chief Financial Officer

Corporate Finance; Global Procurement; Global Business Services; Global Digital Services; Corporate Audit

Saori Dubourg (48)

Agricultural Solutions; Care Chemicals; Nutrition & Health; Construction Chemicals; Bioscience Research; Europe Region

Michael Heinz (55), Labor Relations Director

Global Engineering Services; Corporate Environmental Protection, Health & Safety; European Site & Verbund Management; South America Region

Dr. Markus Kamieth (48), based in Asia

Catalysts; Coatings; Dispersions & Pigments; Performance Chemicals; Advanced Materials & Systems Research; BASF New Business; Greater China; South & East Asia, ASEAN & Australia/New Zealand

Wayne T. Smith (59), with registered offices in North America

Monomers; Performance Materials; Petrochemicals; Intermediates; Market & Business Development, Site & Verbund Management North America; Country Platforms North America; Process Research & Chemical Engineering

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