Brudermüller will succeed Bock

Effective at the end of the annual shareholders’ meeting on May 4, 2018, Martin Brudermüller, currently vice chairman of the board of executive directors, will become chairman of the board of executive directors of Basf. The supervisory board appointed Brudermüller in its meeting today. Brudermüller will succeed Kurt Bock, who is Basf’s chairman since 2011 and has been a member of the board of executive directors since 2003. This change will allow Bock to be elected as a member and chair of Basf’s supervisory board in 2020 after the end of the statutory two-years cooling-off period.

Hans-Ulrich Engel was appointed as new vice chairman of the board of executive directors. Furthermore, the supervisory board extended the appointments of Brudermüller, Engel and Sanjeev Gandhi to the board of executive directors by five years until the annual shareholders’ meeting 2023. In the course of the changes, the number of board members will be reduced from eight to seven in May 2018.

“The change next year is part of the long-term succession planning for the supervisory board and the board of executive directors of Basf”, said Jürgen Hambrecht, chairman of the supervisory board of Basf. “During the past seven years, Kurt Bock has successfully shaped the company and developed it further. We have asked him to stand for election to the supervisory board in 2020, so that the company can continue to benefit from his expertise and experience. With Martin Brudermüller we have again named a very competent and experienced successor from within the company”.

Brudermüller was appointed as vice chairman in 2011. In addition, he is CTO of Basf. Brudermüller has been a member of the board of executive directors since 2006. During this time, he was among others responsible for the Asia Pacific region headquartered in Hong Kong.