- Dr. Rainer Seele became Covestro's Supervisory Board Chairman on 20 December 2025.
- Dr. Richard Pott stepped down after leading since Covestro's founding in 2015.
- The strategic partnership between Covestro and XRG closed on 10 December 2025.
- Dr. Rainer Seele previously led XRG's global chemicals business.
Leadership Transition
On 18 December 2025, Covestro's Supervisory Board elected Dr. Rainer Seele as its new Chairman, effective 20 December 2025. He succeeds Dr. Richard Pott, who has stepped down after a decade of service since the company's founding in 2015.
Dr. Richard Pott's Tenure
Dr. Pott played a crucial role in Covestro's development, guiding it through significant phases such as the separation from Bayer, the IPO, and the strategic realignment with XRG. His leadership has been instrumental in shaping the company's direction.
Dr. Rainer Seele's Background
Dr. Seele brings extensive international experience in the energy and chemicals sector. Before joining Covestro, he led XRG's global chemicals business and was pivotal in forming the strategic partnership with Covestro. His previous roles include CEO of OMV AG and senior positions at Wintershall.
Strategic Partnership
The leadership change follows the successful completion of the strategic partnership between Covestro and XRG, finalized on 10 December 2025. This partnership is expected to enhance Covestro's focus on sustainability and the circular economy.
