Markus Steilemann - Covestro Executive

CVVTF Stock  USD 63.65  0.00  0.00%   

Executive

Dr. Markus Steilemann is redesignated as Chairman of the Management Board, Chief Executive Officer of the Company effective August 1, 2019. He is currently Chairman of the Management Board, Chief Executive Officer, Chief Commercial Officer of Covestro AG since June 1, 2018. He was Chief Marketing Officer, Member of the Management Board from 2017, Member of the Management Board, responsible for innovation and Head of Business Unit Polyurethanes segment from 2016, Member of the Management Board, Head of Innovation at Covestro AG from 2015. He holds a Ph.D. in technical chemistry and a master degree in chemistry as well as chemical economics from RWTH Aachen University. In 1999, Dr. Steilemann joined Bayer Group as an internal consultant in the company former corporate planning division. He held various positions of increasing responsibility and gained broad experience of business modeling, organizational development and supply chain. In January 2008, Dr. Steilemann transferred to the Polycarbonates Business Unit of Covestros predecessor company Bayer Material Science in Hong Kong, where he headed a number of regional business segments. He relocated to the global headquarters of the Polycarbonates Business Unit in Shanghai in August 2011. In July 2012, he was appointed head of Global Industrial Marketing and on April 1, 2013 he became head of the Polycarbonates Business Unit. since 2018.
Age 53
Tenure 6 years
Phone49 214 6009 2000
Webhttps://www.covestro.com

Covestro Management Efficiency

The company has return on total asset (ROA) of 0.0533 % which means that it generated a profit of $0.0533 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.1162 %, meaning that it generated $0.1162 on every $100 dollars invested by stockholders. Covestro's management efficiency ratios could be used to measure how well Covestro manages its routine affairs as well as how well it operates its assets and liabilities.
Covestro AG has accumulated 1.72 B in total debt with debt to equity ratio (D/E) of 0.37, which is about average as compared to similar companies. Covestro AG has a current ratio of 1.75, which is within standard range for the sector. Debt can assist Covestro until it has trouble settling it off, either with new capital or with free cash flow. So, Covestro's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Covestro AG sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Covestro to invest in growth at high rates of return. When we think about Covestro's use of debt, we should always consider it together with cash and equity.

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Covestro AG supplies high-tech polymer materials and related application solutions. The company was founded in 1863 and is headquartered in Leverkusen, Germany. COVESTRO is traded on OTC Exchange in the United States. Covestro AG [CVVTF] is a Pink Sheet which is traded between brokers over the counter.

Management Performance

Covestro AG Leadership Team

Elected by the shareholders, the Covestro's board of directors comprises two types of representatives: Covestro inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Covestro. The board's role is to monitor Covestro's management team and ensure that shareholders' interests are well served. Covestro's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Covestro's outside directors are responsible for providing unbiased perspectives on the board's policies.
Michelle Jou, Head Segment
Michael Friede, Adhesives, Coatings
Sucheta Govil, Chief Board
Joachim Wolff, Head Unit
Markus Steilemann, Member of the Management Board, responsible for innovation and Head of Business Unit Polyurethanes segment
Thomas Toepfer, Labor CFO
Daniel Meyer, Head Segment
Ronald Koehler, Head of Investor Relations
Klaus Schfer, CTO Board
Uwe Arndt, Head Site

Covestro Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right pink sheet is not an easy task. Is Covestro a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Currently Active Assets on Macroaxis

Other Information on Investing in Covestro Pink Sheet

Covestro financial ratios help investors to determine whether Covestro Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Covestro with respect to the benefits of owning Covestro security.