What is the main topic?

Covestro announced that CEO Markus Steilemann will step down at the end of his term on May 31, 2028, and that the supervisory board will begin a formal search for his successor.

When will Markus Steilemann step down?

He plans to leave the CEO role at the end of his current term on May 31, 2028.

Who will handle the succession process?

Covestro’s supervisory board will initiate and oversee the process to appoint a successor in due course.

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Finance

Covestro CEO to Step Down at End of Term in 2028

Published by Global Banking & Finance Review®

Posted on February 23, 2026

1 min read

Last updated: April 2, 2026

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Covestro CEO to step down at end of term in 2028 - Finance news and analysis from Global Banking & Finance Review

Covestro CEO to Step Down at End of Term in 2028

Quick Summary

Covestro CEO Markus Steilemann to Exit Role When Term Ends in 2028

CEO Transition and Succession Plans

Successor Search by Supervisory Board

Departure Timing: May 31, 2028

References

Key Takeaways

Frequently Asked Questions about Covestro CEO to step down at end of term in 2028