Thomas takes over as Covestro CFO

Leverkausen, Germany — Patrick Thomas Covestro CEO has taken over as CFO of following the resignation of Frank Lutz.

Richard Pott, chairman of the supervisory board of directors said: "We regret Frank's decision but of course we respect the step and thank him for his contribution to the development of the company. The search process for a successor is on the way."

Thomas said: "We have a great team with an innovative spirit and enthusiasm. Together we will continue to follow our path."

Lutz's  resignation follows the announcement last week of changes at the top of Covestro that Markus Steilemann will be appointed as Patrick Thomas successor as  CEO when Thomas retires in the third quarter of  2018.