Supervisory Board of the Week: Jürgen Hambrecht (BASF)

Jürgen Hambrecht

Jürgen Hambrecht (72) is expected to have started his last full year as Chairman of the Supervisory Board of BASF: According to the company, he “intends” to resign from his mandate after the 2020 Annual General Meeting (in favour of former CEO Kurt Bock, for whom the two-year “cooling off” phase is currently underway). And it looks as if Multi-Supervisory Board Hambrecht will leave his successor a well-positioned body. For Professor François Diederich (66) and ex-Allianz CEO Michael Diekmann (63), who are retiring after the Annual General Meeting in May due to their long tenure, Hambrecht has recently presented convincing succession candidates.

Digitization: competence profile “completely fulfilled”

Thomas Carell (52), a professor of chemistry at the University of Munich, and Alex Karp (51), CEO of the U.S. digital group Palantir and a member of the Supervisory Board of Axel Springer since 2018, are standing for election. With Karp, “the competence area of digitization and information technology” will be covered in the future and the competence profile of the Supervisory Board “completely fulfilled”, BASF announced. Chemistry Professor Carell of the Ludwig Maximilian University in Munich strengthened the supervisory body “in the fields of chemistry, biology, plant engineering and artificial intelligence and the associated value chains”.