Dr. Albert Heuser (60), President for Greater China & Functions Asia Pacific of BASF (China) Co., Ltd. Shanghai will retire effective December 31, 2015. Dr. Stephan Kothrade (48), President of BASF-YPC and Managing Director of Nanjing Verbund Site, BASF-YPC Company Ltd., Nanjing will succeed Heuser as President effective January 1, 2016.
   Dr. Stephan Kothrade has been the President of BASF-YPC Company Ltd in Nanjing, China, since 2012, and joined BASF in 1995. Before assuming his current role at BASF-YPC, he headed Plant Operations, Engineering & Infrastructure at BASF in Antwerp, Belgium. Kothrade also has held roles including Managing Director of BASF in Hungary and Southeast Europe; and global Director of Procurement Inorganic and Specialty Chemicals. He previously worked with the Strategic Planning Department, and in R&D and production.
   Kothrade was born in Landshut, Germany in 1967. He studied chemistry at the University of Munich and earned a PhD in Organic Chemistry in 1995. He is married and has two children.
   BASF creates chemistry and has been doing so for 150 years. Its portfolio ranges from chemicals, plastics, performance products and crop protection products to oil and gas. BASF had sales of over Euro 74 billion in 2014 and around 113 000 employees as of the end of the year. The company has been a committed partner to Greater China since 1885, and posted sales of over Euro 5.5 billion in 2014.

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