BASF’s Harald Schwager leaves

  • Signs for push-out forces
  • After nine years on the job
  • Saori Dubourg taking over

( — Ludwigshafen, Germany, December 15, 2016 — Harald Schwager, top manager of BASF, leaves. His departure is made public at an early stage. As announced by BASF SE in a news release on Thursday, December 15, 2016, Harald Schwager leaves the post as Member of the Board of Executive Directors at the chemical company in a surprising move after nine years on the job, effective May 12, 2017.

Schwager’s duties are taken over by Saori Dubourg, currently head of the Health & Nutrition division at BASF SE.

The move is part of a management shake-up.

“In support of long-term succession planning”

Schwager’s move is explained as follows. BASF said: Schwager will leave BASF’s Board of Executive Directors “in support of long-term succession planning”.

Precise information about the future plans of Schwager was not immediately available.

Chaired by Jürgen Hambrecht

BASF SE is chaired by Jürgen Hambrecht.

Hambrecht has been a member of the BASF Supervisory Board since May 2, 2014.

Kurt Bock serves as CEO of BASF SE. Bock has been CEO of BASF since 2011.

On the job as Member of the Board of Executive Directors since 2008

Schwager has been with BASF for 28 years. He was appointed to the Board of Executive Directors in 2008 and is currently responsible for the divisions Construction Chemicals; Crop Protection; Bioscience Research; and Region Europe.

Harald Schwager was born in Speyer, Germany, in 1960.

From 1979 onwards, he studied Chemistry at the University of Karlsruhe, Germany, and graduated there in 1984.

He received his doctorate from the Max Planck Institute in Mülheim/Ruhr, Germany, in 1986.

Afterwards, he did a postdoc at the University of California in Berkeley, United States.

His career milestones are:

  • 2008 Member of the Board of Executive Directors, BASF SE, currently responsible for Construction Chemicals, Crop Protection and Bioscience Research, as well as the Region Europe
  • 2007 President, Verbund Site Management Europe, BASF Aktiengesellschaft (since January 14, 2008 BASF SE), Ludwigshafen, Germany
  • 2006 President, Verbund Site Management Ludwigshafen
  • 2003 President, Inorganics division
  • 1999 Managing Director of the European companies of Solvin, a joint venture of Solvay S.A. and BASF Aktiengesellschaft, Brussels, Belgium
  • 1998 Head of the Vinyl Chloride/Polyvinyl Chloride (VC/PVC) business unit headquartered in Brussels, Belgium
  • 1994 Marketing and sales for polyvinyl chloride (PVC)
  • 1990 Technical service for polypropylene
  • 1988 Joined polypropylene catalyst research at BASF Aktiengesellschaft.

Signs for push-out forces

It is not completely certain what forces eventually triggered Harald Schwager’s move.

The Push-out Score™ determined by suggests that push-out forces may have contributed to the management change.

Read the full story in the report 47.2016 ($).