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Business

Evonik Names New Innovation Chief

by Alex Scott
January 19, 2015 | APPEARED IN VOLUME 93, ISSUE 3

Küsthardt
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Credit: Evonik Industries
Credit: Evonik Industries

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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