Covestro Signals Leadership Transition as Christian Baier Departs in 2026

Specialty chemicals manufacturer Covestro AG saw its stock quoted at EUR 60.02 on the XETRA exchange, up 0.03% as the company made headlines with a significant management announcement on Thursday.

The organization disclosed that Chief Financial Officer Christian Baier will step down following the conclusion of his contract in September 2026, as per his voluntary request. By providing advance notice to the Supervisory Board Chairman, Baier has created adequate runway for the company to identify and onboard his replacement through a methodical succession planning process, which the Supervisory Board will commence at an appropriate time.

Throughout his tenure as a Board of Management member since October 2023, Baier has overseen critical functions encompassing accounting, finance management, controlling operations, and related responsibilities—roles central to the company’s financial oversight and strategic direction. He remains committed to executing his full range of duties without interruption until his official departure date.

The announcement reflects Covestro’s commitment to transparent governance practices and measured executive transitions. The advance notification provides the company with sufficient opportunity to ensure business continuity while conducting a thorough search for qualified leadership to assume the financial stewardship role Christian Baier currently holds.