Home / Knowledge / News / Textiles / Dr. Hans-Ulrich Engel to join BASF Board of Executive Directors
Dr. Hans-Ulrich Engel to join BASF Board of Executive Directors
04
Mar '08
Dr. Hans-Ulrich Engel
Dr. Hans-Ulrich Engel
The Supervisory Board of BASF SE has appointed a new member of the Board of Executive Directors in its meeting: Dr. Hans-Ulrich Engel (48) will be responsible for Oil & Gas, Europe and Global Procurement & Logistics with immediate effect.

In addition, the Supervisory Board elected members Michael Diekmann (chairman of the Board of Management of Allianz SE, Munich) and Robert Oswald (chairman of the works council of the Ludwigshafen site of BASF SE and chairman of the joint works council of BASF) as deputy chairmen of the Supervisory Board.

In a further resolution, the Supervisory Board approved the financial statements of BASF SE for 2007 as well as the consolidated financial statements of BASF Group, which were submitted by the Board of Executive Directors. At the same time, the Supervisory Board approved the dividend proposal of €3.90 per share and the 1:2 stock split suggested by the Board of Executive Directors.

The Board of Executive Directors and the Supervisory Board of BASF SE will therefore propose to the Annual Meeting on April 24, 2008 the payment of an increased dividend of €3.90 per share for 2007 (2006: €3.00). If the proposal is approved by the Annual Meeting, the dividend will be paid out on April 25, 2008. BASF shareholders would thus receive a dividend yield of approximately 4.7 percent relative to the closing price on March 3, 2008.

Hambrecht: "Excellent addition to our team"

With the appointment of Engel, BASF's Board of Executive Directors will consist of eight members following the Annual Meeting. Engel is a lawyer and has headed BASF's Legal, Taxes & Insurance division since January 2008. He joined BASF's Legal department in 1988 and has held a number of responsibilities including Managing Director of BASF Schwarzheide GmbH, head of the Regional Functions NAFTA division at BASF Corporation in the United States, and global project manager for the integration of the catalysts business acquired in 2006.

Must ReadView All

Courtesy: Li & Fung

Textiles | On 24th Mar 2017

Li & Fung forms new supply chain partnership with PVH Corp

Li & Fung Limited, the world's leader in consumer goods design,...

Courtesy: Alizilla

Apparel/Garments | On 24th Mar 2017

Alibaba's eWTP finds first overseas base in Malaysia

In a step towards using the internet to bring small businesses around ...

Textiles | On 24th Mar 2017

BJMC to produce cotton-jute blended denim fabrics

To meet demand from the market, Bangladesh Jute Mills Corporation...

Interviews View All

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search