BASF Coatings AG: Board reduced to two ressorts

06-May-2002

Münster. The supervisory council of BASF coatings AG has decided to reduce the Board of Executive Directors of BASF Coatings AG from three to two ressorts with retroactive effect from January 1, 2002.

The two ressorts cover the following areas of responsibility:

Ressort C, headed by Jean-Pierre Monteny, comprises the Strategic Business Units Automotive OEM Coatings, Industrial Coatings and Automotive Refinish as well as the Corporate Division Technology.

Ressort P, headed by Axel Loehr, comprises the units Finance and Accounting; Human Resources; Information Management; Legal, Tax, Insurance; and Purchasing. BASF: A major international player in coatings

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