The Supervisory Board of BASF SE has, upon proposal of the Nomination Committee, nominated Alessandra Genco, Chief Financial Officer of Leonardo SpA, Rome, Italy, and Professor Dr. Stefan Asenkerschbaumer, Deputy Chairman of the Board of Management and Chief Financial Officer of Robert Bosch, Stuttgart, Germany, for election as shareholder representatives on the Supervisory Board. The election is to take place at the Annual Shareholders’ Meeting of BASF SE on April 29, 2022.

The two new shareholder representatives are to succeed Anke Schäferkordt and Franz Fehrenbach, who will resign from the Supervisory Board at the end of the 2022 Annual Shareholders’ Meeting. Schäferkordt has been a member of the BASF Supervisory Board since December 2010 and Fehrenbach since January 2008. In 2022, both will therefore be members of the BASF Supervisory Board for 12 years or more and will thus no longer be independent according to the criteria of the German Corporate Governance Code.

“With Alessandra Genco and Stefan Asenkerschbaumer, we have been able to win two experienced and strong leaders as candidates for election to the Supervisory Board of BASF SE, whose profiles will strengthen the competencies, diversity and independence of the Board,” said Dr. Kurt Bock, Chairman of the Supervisory Board of BASF SE. The guiding principle for the composition of the Supervisory Board is to ensure qualified supervision and guidance for the Board of Executive Directors of BASF SE.