| Connect Follow us on Twitter Like us on Facebook
About | Subscribe | Advertise


Download our free Bridge Coating Systems eResource Book

Paint and Coatings Industry News

Main News Page

BASF Shuffles Global Coatings Leaders

Monday, December 19, 2011

More items for Coating Materials

Comment | More

BASF, the world’s largest chemical company, has announced a realignment of its international coatings leadership, with new presidents for its coatings and polyurethanes divisions and related changes to its executive board.

 Raimar Jahn
Raimar Jahn will become president of BASF’s Polyurethanes Division.

Effective March 1, Raimar Jahn, 53, who now heads BASF’s Coatings Division, will become president of the Polyurethanes Division, based in Brussels, Belgium. He will succeed Wayne T. Smith, who has been appointed to the company’s Board of Executive Directors.

 Markus Kamieth
Dr. Markus Kamieth will lead BASF’s Coatings Division, effective March 1, 2012.

Dr. Markus Kamieth, Senior Vice President, Performance Chemicals North America, will succeed Jahn, pending formal approval of BASF’s Supervisory Board.

Board Changes

Smith, 51, an American, will assume his board seat April 27, after the company’s annual meeting. He will take the post of Dr. Stefan Marcinowski, 58, who is retiring.

The Supervisory Board has also extended the appointment of Dr. Andreas Kreimeyer, Research Executive Director, until May 2015. Kreimeyer, 56, has been a board member since 2003.
The board has also announced reassignments of two key BASF divisions, known as Ressort VI and VII.

 Wayne Smith
Wayne T. Smith, currently head of Polyurethanes, will join the Board of Executive Directors.

Wayne Smith will take over Ressort VI, previously headed by Kreimeyer, assuming responsibility for Inorganics, Petrochemicals, Intermediates and Process Research & Chemical Engineering.

Kreimeyer will take over Ressort VII, previously headed by Marcinowski, and assume responsibility for Crop Protection, Coatings, South America, Biological & Effect Systems Research, Plant Science and BASF Future Business. 

These changes will also take effect after the annual meeting.
New Growth Goals Announced

The Germany-based multinational has also announced detailed plans to strengthen its position as the world’s leading chemical company, outlining an ambitious new corporate strategy, called “We create chemistry,” on Nov. 29.

BASF forecasts that global chemical production will grow faster than global gross domestic product (GDP) through 2020. After 10 years at a slower pace, GDP should grow by an average of 3 percent per year for the next decade, while chemical production should grow by 4 percent per year, BASF forecast.

The company’s goal is to grow 2 percentage points faster than the general chemical production forecast, increasing sales by an average of 6 percent per year until 2020. Overall, BASF targets sales of about €115 billion ($150 billion US) and seeks to achieve an EBITDA of €23 billion ($30 billion US) in 2020.
‘Significant Contribution’

Dr. Kurt Bock, chairman of BASF’s Board of Executive Directors, said the company’s successful strategies of recent years had given it its current leading position.

“We will build on this and make a significant contribution to meeting the needs of a growing world population,” Bock said. “We have summarized what we do as a company in our corporate purpose: We create chemistry for a sustainable future.”

BASF’s portfolio ranges from chemicals, plastics, performance products and agricultural products to oil and gas. BASF posted sales of about €63.9 billion ($83.2 billion US) in 2010 and had about 109,000 employees as of the end of the year.


Tagged categories: BASF; Business operations; Personnel; Polyurethane

Comment Join the Conversation:

Sign in to our community to add your comments.

Carboline Company
Hydrocarbon Fire & Jet Fire Protection

Pyroclad X1 is the latest breakthrough in epoxy based intumescent fireproofing technology

Sherwin-Williams Protective & Marine Coatings

With 4,000 distribution points and 3,700+ years of experience, Sherwin-Williams delivers the products, support and expertise you need, right where you need it.

Wasser High-Tech Coatings Inc.
Wasser Coatings Protect

Wasser Coatings offer a complete range of Moisture Cure Urethane (NEPCOAT approved) systems in addition to Polyurea membranes and linings(NSF).

International Paint LLC

International Paint Engineered Coatings

Learn about our solutions for:
  • Structural Steel
  • Piping & Equipment
  • Storage Tanks
  • Pressure Vessels
  • Secondary Containment

    Jessup Manufacturing Company
    More Traction for Extreme Marine Conditions

    Jessup Safety Track® 3800 Military Grade peel-and-stick non-skid tapes and treads provide extra slip resistance for decks. MIL-PRF-24467C Type XI, Black & Gray.

    Polyval Coatings
    Polyflex® Polyurea Linings

    Polyflex™ new Polyurea Geotextile Membrane System has been specifically engineered to protect the environment in containment applications.

    Best Floor Coatings with Maximum Durability

    Coat CONCRETE or WOOD flooring for wheel and foot traffic, chemical resistance, weather-proofing, indoors and outside. Variety of textures for beauty, resilience and safety.

    Mitsubishi Gas Chemical America
    Performance Amine 1,3-BAC

    A highly reactive cycloaliphatic diamine offering superior performance. Reasonable cost and curing efficacy makes it suitable for all types of epoxy resin applications.

    New resins from BASF will have metals loving water:

    Excellent corrosion resistance, low VOC, high gloss, thin films

    Safway Services
    Suspended Access Made Easy With QuikDeck™

    The smart choice for suspended access, QuikDeck’s interchangeable, lightweight components make them easy to set up and reassemble when you need to move.

    Technology Publishing

    The Technology Publishing Network

    The Journal of Protective Coatings & Linings (JPCL) PaintSquare
    Durability + Design Paint BidTracker

    EXPLORE:      JPCL   |   PaintSquare News   |   Interact   |   Buying Guides   |   Webinars   |   Resources   |   Classifieds
    REGISTER AND SUBSCRIBE:      Free PaintSquare Registration   |   Subscribe to JPCL   |   Subscribe to PaintSquare News
    MORE:      About   |   Privacy policy   |   Terms & conditions   |   Site Map   |   Search   |   Contact Us

    © Copyright 2000-2015, Technology Publishing / PaintSquare, All rights reserved
    2100 Wharton Street, Suite 310, Pittsburgh PA 15203-1951; Tel 1-412-431-8300; Fax 1-412-431-5428; E-mail