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Covestro announces upcoming leadership changes

November 13/2017

MOSCOW (MRC) -- Jerry MacCleary, Covestro's president and managing director - as well as head of the North American polyurethanes business unit - will take over as CEO and chairman of the board, reported CoatingsWorld with reference to the company's statement.

MacCleary will be succeeded in his role as head of the Polyurethanes business unit by Christine Bryant, the head of Coatings, Adhesives and Specialties.

COO Dr. Erik Haakan Jonsson will succeed MacCleary as president and managing director.

MacCleary, who currently represents Covestro as vice chairman of the board, a member of the Executive Committee and an officer at the American Chemistry Council (ACC), will become chairman of the ACC Executive Committee Jan. 1, 2018.

MacCleary joined Covestro - then part of Bayer - in 1979 as an accountant, before embarking on a diverse career path that included sales, marketing and strategic management roles throughout the United States and Germany. In 2004, MacCleary was named head of the North American Polyurethanes business unit - a role he maintained after becoming president of Covestro LLC in 2012.

MacCleary led Covestros North American business through its separation from Bayer AG and establishment as an independent company in 2015.

In addition to his roles at the ACC, MacCleary serves on the board of directors of the National Association of Manufacturers, the International Isocyanate Institute and the Center for the Polyurethanes Industry.

In Pittsburgh, home to Covestros North American headquarters, MacCleary serves on the board of directors of the Allegheny Conference on Community Development, the United Way of Southwestern Pennsylvania, Variety the Childrens Charity and the Imani Christian Academy. He also serves as a member of the board of trustees for the Children's Hospital of Pittsburgh Foundation.

"Im happy to continue my executive leadership role at Covestro," MacCleary said. "At the same time, I am excited for the opportunity to make an even stronger contribution at ACC, which plays a critical role for Covestro and the entire chemical industry.

"Ill be working to advance our industry leadership position at Covestro and, in conjunction with the ACC, promote industry issues, such as sustainability, innovation and safety. Im also a Pittsburgher at heart and eager to continue my community service activities in this region."

Since 2012, Bryant has led Covestros Coatings, Adhesives and Specialties (CAS) business in North America and also leads the units global key account business. She joined Covestro in 1989 and has held increasing roles in marketing, sales, distribution and business development throughout her career. A chemical engineer by training, Bryants focus has been on creating stronger relationships with customers and developing new business and markets within the CAS area. She is also an advocate for STEM education and an active community leader, working closely with the United Way of Southwestern Pennsylvania, as the current co-chair of the Womens Leadership Council.

Jonsson joined Covestro in 1992 as a scientist in Pittsburgh. His career has led him throughout the United States and Germany, as he took on roles in manufacturing, innovation, supply chain and business development. Jonsson has served on the board of directors of various chemical industry, community service and educational organizations. He is a chemical engineer and holds his Ph.D. in polymer technology.

Ive spent my entire career with Covestro and am incredibly proud of the people and culture we have today," said Jonsson. "Under Jerrys leadership, Covestro has built its reputation in this region as a strong, bold and innovative company. Im grateful for the opportunity to support him in carrying the torch forward - and Im glad to be back in Pittsburgh, the city I call home."

As MRC informed before, in September 2017, German drugs and pesticides group Bayer further reduced its holding in Covestro to 31.5% from 40.9% by selling 19 million shares in the plastics business for a total of EUR1.2 billion (USD1.4 billion).

Covestro (formerly Bayer MaterialScience) is an independent subgroup within Bayer. It was created as part of the restructuring of Bayer AG from the former business group Bayer Polymers, with certain of its activities being spun off to Lanxess AG. Covestro manufactures and develops materials such as coatings, adhesives and sealants, polycarbonates (CDs, DVDs), polyurethanes (automotive seating, insulation for refrigerating appliances) etc.
Author:Margaret Volkova
Tags:pigments, dioksida titana, coatings, construction, paints and coatings, Bayer, Covestro.
Category:General News
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