BASF's Communications Chief Dr. Nina Schwab-Hautzinger Departs After Modernizing Strategy
BASF's head of corporate communications, Dr. Nina Schwab, is set to depart on January 31, 2026. She leaves behind a legacy of modernizing the company's communication strategy and navigating significant challenges, including an energy crisis and a CEO transition.
Dr. Schwab's departure comes as BASF's stock hovers near its 50-day moving average, well below its 52-week high, and shows only marginal gains since the start of the year. The upcoming quarterly report on October 29 is expected to shed light on the company's strategic shifts and its current financial status.
In recent developments, BASF has inaugurated a new neopentyl glycol (NPG) production plant in China. With an annual capacity of 80,000 tons, it boosts global NPG capacity to 335,000 tons. This plant focuses on eco-friendly powder coating resins, contributing to a lower carbon footprint compared to existing facilities. Additionally, BASF has launched a partnership with International Flavors & Fragrances (IFF) to develop enzyme and polymer innovations for more sustainable detergents and cleaning products.
Dr. Nina Schwab's departure from BASF marks the end of an era in the company's communication strategy. Meanwhile, BASF continues to invest in sustainability and innovation, as seen in its new NPG plant in China and its partnership with IFF. The upcoming quarterly report will provide crucial insights into the company's progress and future prospects.
