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Kurt Bock - CEO of BASF Corp

07
Jul '07
• Eggert Voscherau, Peter Oakley and Klaus Peter Löbbe to retire
• Wolfgang Büchele and Harald Schwager appointed to the Board of Executive Directors
• Chief Financial Officer Kurt Bock also appointed new Chairman and CEO of BASF Corporation
• Board responsibilities reassigned for new legal form BASF SE

In its meeting July 6, 2007, the Supervisory Board of BASF Aktiengesellschaft, Ludwigshafen, has appointed two new members to the Board of Executive Directors: Dr. Harald Schwager (47) and Dr. Wolfgang Büchele (48). The appointments will take effect on January 1, 2008.

In addition, the contracts of two current members of the Board of Executive Directors – Dr. Kurt Bock (49) and Dr. Andreas Kreimeyer (52) – were extended until the Annual Meeting in 2012.

As a result of these changes, the Board of Executive Directors has decided to reassign responsibilities within the Board. Following the transformation of the German BASF Aktiengesellschaft into a European Company, Societas Europaea (BASF SE), these changes will be made stepwise until the Annual Meeting on April 24, 2008.

Effective August 1, 2007, the Board of Executive Directors has appointed Chief Financial Officer Dr. Kurt Bock as Chairman and CEO of BASF Corporation in the United States in addition to his current duties.

The new appointments to the Board were necessary due to the retirement of three current members.

Eggert Voscherau (64), who has been a member of the Board of Executive Directors since 1996 and is its Vice Chairman as well as BASF's Industrial Relations Director, will retire following the Annual Meeting on April 24, 2008.


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