Covestro appoints Klaus Fröhlich as CFO and Covestro stock stands 1.16 percent above offer

Published on 10/02/2026 at 13:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Klaus Fröhlich took over as CFO on October 1, 2026 at Covestro. Covestro stock costs EUR 60.15 on October 2, 2026 versus EUR 60.15.

Schwarzweißfoto von Chemiefacharbeitern in Schutzausrüstung an industriellen Reaktorbehältern — Covestro AG Techniker DE0006062144 überwachen schwarz-weiß Reaktorausrüstung in dokumentarischer industrieller Reportage-Fotografie im Labor, Illustration mit AI erstellt.

Covestro (ISIN DE0006062144) appointed Klaus Fröhlich as chief financial officer on October 1, 2026, and its stock stood 1.16 percent above the EUR 59.46 cash offer. Börse Express reported that Fröhlich succeeded Christian Baier after Baier left at the end of September.

Leadership changes meet ownership transition

Fröhlich previously served as Group Chief Investment Officer at XRG, the investment arm of Covestro's majority owner ADNOC, linking the finance transition directly to the company's new ownership structure. The EUR 59.46 cash offer is the reference point for minority shareholders in the planned squeeze-out, while the Lang & Schwarz quote of EUR 60.15 was EUR 0.69 above that level on October 2, 2026.

The appointment also arrives as Covestro prepares for a broader change in its public-market profile. Covestro lists the planned move from the Prime Standard to the General Standard among its investor-relations developments, a step associated with the wider squeeze-out process.

EBITDA improvement is the operating test

For operations, a Quartr summary reported Q2 2026 EBITDA of EUR 669.0 million, up 64.40 percent from the comparable period. That improvement matters because the cash-offer level limits the stock's immediate distance from the ownership transaction, leaving earnings execution and the integration of acquired activities as the more important operating variables.

MarketScreener reported on September 16, 2026, that Covestro opened a pilot plant for chemically recycling high-performance elastomers in Leverkusen. The project is a double-digit million-euro investment and supports the company's circular-materials strategy, adding an operating development alongside the ownership story.

Stock holds at the offer level

Covestro stock was trading at EUR 60.15 at Lang & Schwarz on October 2, 2026 at 1:16 p.m. CEST, unchanged at 0.00 percent versus the EUR 60.15 prior close of October 1, 2026. The further course of trading is shown by the continuously updated real-time quote of Covestro stock.