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    Breaking News

    BASF Sets Up New Business Structure

    New responsibilities for the BASF Board of Executive Directors as of Jan. 1, 2019.

    BASF Sets Up New Business Structure
    As of Jan. 1, 2019, BASF will have six segments instead of four.
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    12.14.18
    As of Jan. 1, 2019, BASF will have six segments instead of four. With this new segment structure, BASF will create greater transparency regarding the management of its business activities, the importance of value chains and the role of the Verbund. Together with this organizational change, the responsibilities of the Board of Executive Directors have been reallocated.
     
    The new distribution of responsibilities, effective as of Jan. 1, 2019, is as follows:
     
    • Dr. Martin Brudermüller, chairman of the Board of Executive Directors and CTO, Ressort I: Legal, Taxes, Insurance & Intellectual Property; Corporate Development; Corporate Communications & Government Relations; Senior Executive Human Resources; Investor Relations; Compliance; Corporate Technology & Operational Excellence;  Innovation Management.
     
    • Michael Heinz, industrial relations director, Ressort II: Engineering & Technical Expertise; Environmental Protection, Health & Safety; European Site & Verbund Management; Human Resources.
     
    • Dr. Hans-Ulrich Engel, vice chairman of the Board of Executive Directors and CFO, Ressort III: Catalysts; Coatings; Oil & Gas; Finance; Procurement & Supply Chain Services; Digitalization & Information Services; Corporate Controlling; Corporate Audit.
     
    • Dr. Markus Kamieth, Ressort IV: Care Chemicals; Dispersions & Pigments; Nutrition & Health; Performance Chemicals; Advanced Materials & Systems Research; BASF New Business; Region South America.
     
    • Saori Dubourg, Ressort V: Agricultural Solutions; Construction Chemicals; Bioscience Research; Region Europe.
     
     • Sanjeev Gandhi, Ressort VI, headquartered in Asia: Intermediates; Petrochemicals; Greater China & Functions Asia Pacific; South & East Asia, ASEAN & Australia/New Zealand.
     
    • Wayne T. Smith, Ressort VII, headquartered in North America: Monomers; Performance Materials; Process Research & Chemical Engineering; Market & Business Development, Site & Verbund Management North America; Regional Functions & Country Platforms North America.
     
    As of Jan. 1, 2019, the segments will each have two divisions, with the exception of the Agricultural Solutions segment, which will continue to comprise one division:
     
    • Chemicals: Petrochemicals and Intermediates
    • Materials: Performance Materials and Monomers
    • Industrial Solutions: Dispersions & Pigments and Performance Chemicals
    • Surface Technologies: Catalysts and Coatings
    • Nutrition & Care: Care Chemicals and Nutrition & Health
    • Agricultural Solutions
     
     
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    Related Breaking News

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      BASF Increases Polyalcohols Prices in North America

      BASF Increases Polyalcohols Prices in North America

      Effective Jan. 1, 2019.
      11.30.18

    • Additives | Breaking News | Suppliers News
      BASF Will Have to Stop TDI Production in Ludwigshafen

      BASF Will Have to Stop TDI Production in Ludwigshafen

      Restart of production depends on improved Rhine water level.
      11.27.18

    • Additives | Breaking News | Conductive Inks and Printed Electronics | Flushed Colors and Pigments | Metallics and Special Effects Pigments | Resins | Suppliers News
      BASF’s New Strategy Aims for Both Profitable, CO2-neutral Growth

      BASF’s New Strategy Aims for Both Profitable, CO2-neutral Growth

      Sales with products that make a substantial contribution to sustainability to reach €22 billion in 2025.
      11.22.18


    • Additives | Breaking News | Suppliers News
      BASF, SINOPEC Sign Memorandum of Understanding to Expand Cooperation in China

      BASF, SINOPEC Sign Memorandum of Understanding to Expand Cooperation in China

      New 1,000,000 metric tons steam cracker in Nanjing will support further downstream portfolio development.
      10.30.18

    • Additives | Breaking News | Financial News | Flushed Colors and Pigments | Metallics and Special Effects Pigments | Resins | Suppliers News
      BASF Group Increases Sales, but Earnings Below Prior-Year Quarter

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      Sales grow to €15.6 billion (up 8%), largely driven by higher sales prices in all segments, with net income of €1.2 billion.
      10.29.18

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