Covestro has named Klaus Fröhlich as its next Chief Financial Officer in a unanimous decision by its Supervisory Board, marking a leadership change set to take effect later this year.

 

Fröhlich, 53, will take over the CFO role from Christian Baier on October 1, 2026. Baier is set to depart the company a day earlier, on September 30, 2026. Fröhlich will also join the Board of Management of Covestro AG as part of his appointment.

 

Announcing the decision, Supervisory Board Chairman Rainer Seele emphasized Fröhlich’s financial track record and leadership in complex markets. 

 

"Klaus Fröhlich is a proven financial expert with many years of experience in managing finances and companies in challenging market environments. With his clear financial perspective and his focus on performance, efficiency, and value creation, he will play an important role in further strengthening Covestro's competitiveness and in driving the consistent execution of the company's strategy."

 

Fröhlich, currently Group Chief Investment Officer at ADNOC, welcomed the move and signaled ambition for the company’s next phase. "I am very much looking forward to my new role at Covestro and would like to thank the Supervisory Board for its trust," said Klaus Fröhlich. 

 

"The company has a strong technological foundation, dedicated employees, and a clear strategic direction. Together with the Board of Management and teams worldwide, I aim to contribute to advancing the company's transformation and enabling sustainable, profitable growth."

 

He brings more than 25 years of global finance and investment banking experience. Before his current role at ADNOC, Fröhlich served as Chief Financial Officer in Saudi Arabia and held senior positions at Morgan Stanley, including Head of Investment Banking for the Middle East and North Africa region.