MOSCOW (MRC) -- Covestro has accepted a request from CFO Thomas Toepfer for early termination of his contract, said the company.
Toepfer will leave the company as of 31 August 2023 to join European aircraft manufacturer Airbus as CFO, ahead of his current contract which is due to expire on 31 March 2026.
Covestro’s Supervisory Board has started its search for a successor and will make an announcement in due course. Toepfer will continue in his role as CFO and Labour Director until he leaves the company.
Toepfer has been a member of Covestro’s management board since April 2018 as CFO and is responsible for Accounting, Controlling, and Finance. He has additionally held the position of Labour Director since 2019.
We remind, Covestro has successfully started up a new world-scale facility for the production of chlorine in Tarragona, Spain. It is the first world-scale production plant for chlorine based upon the highly innovative and energy efficient ODC (oxygen depolarized cathode) technology invented by Covestro and its partners.