Covestro Management
Management criteria checks 3/4
Covestro's CEO is Markus Steilemann, appointed in Aug 2015, has a tenure of 9.25 years. total yearly compensation is €4.66M, comprised of 27.8% salary and 72.2% bonuses, including company stock and options. directly owns 0.016% of the company’s shares, worth $1.78M. The average tenure of the management team and the board of directors is 3.3 years and 6 years respectively.
Key information
Markus Steilemann
Chief executive officer
€4.7m
Total compensation
| CEO salary percentage | 27.8% |
| CEO tenure | 9.3yrs |
| CEO ownership | 0.02% |
| Management average tenure | 3.3yrs |
| Board average tenure | 6yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | -€261m |
| Jun 30 2024 | n/a | n/a | -€325m |
| Mar 31 2024 | n/a | n/a | -€207m |
| Dec 31 2023 | €5m | €1m | -€198m |
| Sep 30 2023 | n/a | n/a | -€910m |
| Jun 30 2023 | n/a | n/a | -€867m |
| Mar 31 2023 | n/a | n/a | -€714m |
| Dec 31 2022 | €4m | €1m | -€272m |
| Sep 30 2022 | n/a | n/a | €929m |
| Jun 30 2022 | n/a | n/a | €1b |
| Mar 31 2022 | n/a | n/a | €2b |
| Dec 31 2021 | €5m | €1m | €2b |
| Sep 30 2021 | n/a | n/a | €2b |
| Jun 30 2021 | n/a | n/a | €1b |
| Mar 31 2021 | n/a | n/a | €832m |
| Dec 31 2020 | €4m | €1m | €459m |
| Sep 30 2020 | n/a | n/a | €184m |
| Jun 30 2020 | n/a | n/a | €152m |
| Mar 31 2020 | n/a | n/a | €393m |
| Dec 31 2019 | €4m | €1m | €552m |
| Sep 30 2019 | n/a | n/a | €594m |
| Jun 30 2019 | n/a | n/a | €943m |
| Mar 31 2019 | n/a | n/a | €1b |
| Dec 31 2018 | €4m | €916k | €2b |
| Sep 30 2018 | n/a | n/a | €2b |
| Jun 30 2018 | n/a | n/a | €2b |
| Mar 31 2018 | n/a | n/a | €2b |
| Dec 31 2017 | €2m | €552k | €2b |
Compensation vs Market: Markus's total compensation ($USD4.85M) is below average for companies of similar size in the US market ($USD12.73M).
Compensation vs Earnings: Markus's compensation has increased whilst the company is unprofitable.
CEO
Markus Steilemann (54 yo)
9.3yrs
Tenure
€4,659,000
Compensation
Dr. Markus Steilemann has been the Member of Supervisory Board of Fuchs SE (formerly known as Fuchs Petrolub SE) since May 03, 2022. He is Member of Management Board since August 20, 2015 of Covestro AG an...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Chairman of Management Board | 9.3yrs | €4.66m | 0.016% $ 1.8m | |
| CFO & Member of Management Board | 1.1yrs | €5.83m | no data | |
| Chief Commercial Officer & Member of Management Board | 5.2yrs | €2.39m | 0.0079% $ 886.6k | |
| CTO & Member of Management Board | 1.3yrs | €3.21m | 0.0025% $ 285.1k | |
| Head of Investor Relations | no data | no data | no data | |
| Head of MDI Site | no data | no data | no data | |
| Head of Artificial Intelligence | no data | no data | no data | |
| Global Head of Human Resources | no data | no data | no data | |
| Investor Relations Director | no data | no data | no data |
3.3yrs
Average Tenure
54yo
Average Age
Experienced Management: COVT.Y's management team is considered experienced (3.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Chairman of Supervisory Board | 9.3yrs | €378.00k | no data | |
| Vice Chairman of Supervisory Board | 9.1yrs | €261.00k | no data | |
| Member of the Supervisory Board | 3.6yrs | €194.00k | no data | |
| Independent Member of Supervisory Board | 4.3yrs | €226.00k | no data | |
| Independent Member of Supervisory Board | 9.1yrs | €196.00k | no data | |
| Independent Member of Supervisory Board | 9.1yrs | €177.00k | no data | |
| Shareholder Representative Member of the Supervisory Board | 2.6yrs | €221.00k | no data | |
| Member of Supervisory Board | 9.1yrs | €177.00k | no data | |
| Member of Supervisory Board | 7.8yrs | €162.00k | no data | |
| Employee Representative Member of the Supervisory Board | 2.6yrs | €197.00k | no data | |
| Employee Representative Member of the Supervisory Board | 2.6yrs | €128.00k | no data | |
| Member of the Supervisory Board | less than a year | no data | no data |
6.0yrs
Average Tenure
59yo
Average Age
Experienced Board: COVT.Y's board of directors are considered experienced (6 years average tenure).