BASF names woman to management board

21st October 2010, Comments 0 comments

The world's leading chemical company, BASF, said on Thursday it had named the first woman to its management board, a move which remains rare in Germany, Europe's biggest economy.

The new board memeber, Margret Suckale, 55, will be the group's industrial relations director from May 6, 2011 a statement by BASF said.

A spokesman told AFP that the chemical giant "has said repeatedly that it wants to increase representation by women" at top levels.

The board's other seven members, including future boss Kurt Bock, are all male however.

BASF nonetheless has followed in the wake of the German power company EON and professional software maker SAP in naming a woman to its board.

Two women are already members of the board at the industrial group Siemens, and BASF rival Bayer has said it intends to name women to senior positions in the future.

Otherwise, all of the German companies listed on the DAX index of blue-chip stocks have all-male boards, including Adidas, BMW, Deutsche Telekom, Lufthansa and Volkswagen.

All 30 chiefs of DAX companies are men as well.

© 2010 AFP

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