Covestro Cut Loose From Bayer Puts New Freedom to Work

Updated on
  • CEO Thomas says quick decision making easier after spinoff
  • Bayer’s Covestro stake could help get financing for Monsanto

A 20-foot giraffe made from flip-flops littering Kenyan beaches will soon take pride of place at Covestro AG’s headquarters in Leverkusen, Germany. The impulse purchase by Chief Executive Officer Patrick Thomas underscores a new freedom to maneuver and speed up decision-making following the polymer maker’s spin off from Bayer AG last year.

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