Dr. Martin Brudermüller, 56, currently Vice Chairman of the Board of Executive Directors, will become Chairman of the Board of Executive Directors of BASF, effective from 4 May 2018.
He was appointed as Vice Chairman in 2011 and also holds the position as Chief Technology Officer of BASF. He has been a member of the Board of Executive Directors since 2006. Brudermüller will succeed Dr. Kurt Bock, 59, 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. Dr. Hans-Ulrich Engel, 58, was appointed to become new Vice Chairman of the Board of Executive Directors. He became a Board member in 2008. Since 2011 he is Chief Financial Officer of BASF. Furthermore, the appointments of Brudermüller, Engel and Sanjeev Gandhi, 51, to the Board of Executive Directors were extended by five years until 2023. In the course of the changes, the number of Board members will be reduced from eight to seven in May 2018.