Dr Rainer Seele named Covestro Supervisory Board Chairman

24 Dec 2025 CW Team

Dr Richard Pott has served as Chairman of the Supervisory Board since Covestro’s founding in 2015 and played a key role in shaping the company’s strategic direction. During his tenure of more than a decade, he guided Covestro through major milestones, including its separation from Bayer, a successful initial public offering, and most recently, its strategic realignment through the partnership with XRG.

Reflecting on his tenure, Dr Richard Pott, former Chairman of the Supervisory Board, Covestro, said, “It has been an honor to support Covestro on its journey and help shape the development of this exceptional company. I am convinced that the strategic partnership with XRG positions Covestro excellently for the future. I also wish my successor Dr Rainer Seele all the best in his endeavours in guiding the company into its next phase of development.”

Dr Rainer Seele brings extensive international leadership experience in the energy and chemicals sectors. Since 2025, he has served as President of XRG’s global chemicals business and played a central role in developing the strategic partnership with Covestro. He previously served as Chief Executive Officer of OMV AG from 2015 to 2021 and held senior leadership positions at Wintershall. Dr Seele holds a PhD in Chemistry.

Commenting on his appointment, Dr Rainer Seele, Chairman of the Supervisory Board, Covestro, said, “I am very much looking forward to my role as Chairman of the Supervisory Board of Covestro. The company combines outstanding technological expertise with a highly skilled workforce, and a clear strategic focus on sustainability and the circular economy.” He added that, together with the Management Board led by Dr. Markus Steilemann and as part of the XRG group, Covestro will continue to advance its transformation and long-term value creation.

Covestro’s Supervisory Board has elected Dr Rainer Seele as its new Chairman, with effect from December 20, 2025, succeeding Dr Richard Pott, who has stepped down after many years of service. The decision was taken at a board meeting held on December 18, shortly after the completion of the strategic partnership between Covestro and XRG, which closed on December 10, 2025.Dr Richard Pott has served as Chairman of the Supervisory Board since Covestro’s founding in 2015 and played a key role in shaping the company’s strategic direction. During his tenure of more than a decade, he guided Covestro through major milestones, including its separation from Bayer, a successful initial public offering, and most recently, its strategic realignment through the partnership with XRG.Reflecting on his tenure, Dr Richard Pott, former Chairman of the Supervisory Board, Covestro, said, “It has been an honor to support Covestro on its journey and help shape the development of this exceptional company. I am convinced that the strategic partnership with XRG positions Covestro excellently for the future. I also wish my successor Dr Rainer Seele all the best in his endeavours in guiding the company into its next phase of development.”Dr Rainer Seele brings extensive international leadership experience in the energy and chemicals sectors. Since 2025, he has served as President of XRG’s global chemicals business and played a central role in developing the strategic partnership with Covestro. He previously served as Chief Executive Officer of OMV AG from 2015 to 2021 and held senior leadership positions at Wintershall. Dr Seele holds a PhD in Chemistry.Commenting on his appointment, Dr Rainer Seele, Chairman of the Supervisory Board, Covestro, said, “I am very much looking forward to my role as Chairman of the Supervisory Board of Covestro. The company combines outstanding technological expertise with a highly skilled workforce, and a clear strategic focus on sustainability and the circular economy.” He added that, together with the Management Board led by Dr. Markus Steilemann and as part of the XRG group, Covestro will continue to advance its transformation and long-term value creation.

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