New head of polycarbonates brings international experience to Covestro LLC

Philipp Polenz
Covestro LLC has named Philipp Polenz the new head of commercial operations for its North American Polycarbonates business.

Pittsburgh, September 22, 2016 — Covestro LLC has named Philipp Polenz the new head of commercial operations for its North American Polycarbonates business. In his new role, Polenz will be responsible for product technology, applications development, market development, and sales and distribution in North America. Polenz will also be a member of Covestro’s North American Leadership Team, as well as the Polycarbonates Global Leadership Team.

Polenz is no stranger to the company. He brings to this role 13 years of international Covestro leadership experience. Most recently, he was head of regional project management for polyurethanes (PUR) at Covestro’s Hong Kong site. Prior to that, he served as head of mergers & acquisitions in Leverkusen and head of commercial operations for PUR in Singapore. Polenz has received numerous accolades throughout his career, including first place in the Bayer Champion’s Cup for most successful acquisition of the year.1

“With his combination of global, materials and business expertise, Philipp will be a valuable addition to our existing North America team,” said Jerry MacCleary, president of Covestro LLC. “His strong leadership will help us continue to grow our polycarbonate business by meeting the needs of our current customers while also pursuing innovative, new applications that will open the door to new markets for our plastics.”

Polenz received a dual degree in business from the Rotterdam Business School and the University of Muenster.

1 Covestro, formerly Bayer MaterialScience, became an independent company Sept. 1, 2015.

About Covestro LLC:

Covestro LLC is one of the leading producers of high-performance polymers in North America and is part of the global Covestro business with 2015 sales of EUR 12.1 billion. Covestro manufactures high-tech polymer materials and develops innovative solutions for products used in many areas of daily life. The main segments served are the automotive, electrical and electronics, construction, medical and sports and leisure industries. The Covestro group has 30 production sites around the globe and employed approximately 15,800 people at the end of 2015.

Find more information at www.covestro.com.

Covestro Contact:

John Skabardonis, Phone: +1 412-413-5444
John.Skabardonis@covestro.com

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This press release may contain forward-looking statements based on current assumptions and forecasts made by Covestro AG. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. These factors include those discussed in Covestro’s public reports which are available on the Covestro website at www.covestro.com. Covestro assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.

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