Alessandra Genco (BASF)

The chemical company BASF wants to rejuvenate and internationalize its Supervisory Board: At the Annual Meeting in May, shareholders are to elect Alessandra Genco to the board. The 48-year-old works full-time as chief financial officer of the Italian aerospace and defense company Leonardo SpA (formerly Finmeccanica) in Rome. The former Goldman Sachs banker is joined in the election by ex-Bosch manager Stefan Asenkerschbaumer (65). The newcomers are to replace former RTL boss Anke Schäferkordt (59) and long-time Bosch boss Franz Fehrenbach (72).

Average age declines, women’s quota stagnates

The two have now been in office for 14 and 12 years respectively, BASF announced. This means they are no longer considered independent as defined by the Corporate Governance Code. Alessandra Genco and Stefan Asenkerschbaumer are “two experienced and strong leaders,” says Supervisory Board Chairman Kurt Bock. Other members of the Supervisory Board include chemistry professor Thomas Carell (55), ex-investment banker Alison Carnwath (68) and IBM manager Liming Chen (61).