Ludwigshafen, Germany - December 13, 2018 - As of January 1, 2019, BASF will have six segments instead of four. With this new segment structure, BASF will create greater transparency regarding the management of its business activities, the importance of value chains and the role of the Verbund. Together with this organizational change, the responsibilities of the Board of Executive Directors have been reallocated.

The new distribution of responsibilities, effective as of January 1, 2019, is as follows:

Dr. Martin Brudermüller (57), Chairman of the Board of Executive Directors and Chief Technology Officer, Ressort I

Legal, Taxes, Insurance & Intellectual Property; Corporate Development; Corporate Communications & Government Relations; Senior Executive Human Resources; Investor Relations; Compliance; Corporate Technology & Operational Excellence; Innovation Management

Michael Heinz (54), Industrial Relations Director, Ressort II

Engineering & Technical Expertise; Environmental Protection, Health & Safety; European Site & Verbund Management; Human Resources

Dr. Hans-Ulrich Engel (59), Vice Chairman of the Board of Executive Directors and Chief Financial Officer, Ressort III

Catalysts; Coatings; Oil & Gas; Finance; Procurement & Supply Chain Services; Digitalization & Information Services; Corporate Controlling; Corporate Audit

Dr. Markus Kamieth (48), Ressort IV

Care Chemicals; Dispersions & Pigments; Nutrition & Health; Performance Chemicals; Advanced Materials & Systems Research; BASF New Business; Region South America

Saori Dubourg (47), Ressort V

Agricultural Solutions; Construction Chemicals; Bioscience Research; Region Europe

Sanjeev Gandhi (51), Ressort VI, headquartered in Asia

Intermediates; Petrochemicals; Greater China & Functions Asia Pacific; South & East Asia, ASEAN & Australia / New Zealand

Wayne T. Smith (58), Ressort VII, headquartered in North America

Monomers; Performance Materials; Process Research & Chemical Engineering; Market & Business Development, Site & Verbund Management North America; Regional Functions & Country Platforms North America

As of January 1, 2019, the segments will each have two divisions, with the exception of the Agricultural Solutions segment, which will continue to comprise one division:

  • Chemicals
    Petrochemicals and Intermediates
  • Materials
    Performance Materials and Monomers
  • Industrial Solutions
    Dispersions & Pigments and Performance Chemicals
  • Surface Technologies
    Catalysts and Coatings
  • Nutrition & Care
    Care Chemicals and Nutrition & Health
  • Agricultural Solutions

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BASF SE published this content on 13 December 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 13 December 2018 14:24:07 UTC