Covestro names new CFO

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Photo by Covestro AG Thomas Toepfer

German speciality chemicals supplier Covestro AG has name Thomas Toepfer as the company’s new chief financial officer (CFO).

Toepfer will take over the position on 1 April 2018 from outgoing CEO Patrick Thomas, who has also been serving as the interim CFO since June.

“By appointing Dr. Thomas Toepfer, we have been able to secure a highly regarded top executive and expert in the field of finance with many years’ experience and a proven track record in the capital market for our company,” said Richard Pott, chairman of the supervisory board of Covestro, commenting on the appointment.

Toepfer, 45, has served as the CFO and labour director at German materials handling Kion Group AG since 2012.

Before joining Kion he served as the chief financial officer and labour director of Still GmbH, Hamburg. 

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