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Business
Evonik Names New Innovation Chief
by Alex Scott
January 19, 2015
| A version of this story appeared in
Volume 93, Issue 3
Ulrich Küsthardt has been named the new chief innovation officer of German specialty chemical maker Evonik Industries. Küsthardt, a Ph.D. chemist, has worked for the firm since 1997, most recently as head of its coatings and additives business. He replaces industry veteran Peter Nagler, who takes up a new role to “internationalize” the company’s innovation activities. Evonik says it has increased R&D spending by 9% annually since 2009 to $540 million in 2013.
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