Evonik appoints Dr Ulrich Kusthardt as CIO

German specialty chemicals company Evonik Industries has appointed Dr Ulrich Kusthardt as the new chief innovation officer (CIO). Dr Kusthardt, who succeeds Dr Peter Nagler, plans to continue strengthening the company’s innovation capacity, continuing his predecessor’s successful work. “Our strategy must be aimed at stimulating Evonik’s growth with attractive fields of innovation. We want to be one of the world’s most innovative companies,” said Dr Kusthardt said. Dr Nagler will remain involved with the topic of innovation and step up efforts to internationalise innovation at Evonik in the future.  
  
Kusthardt, who holds a doctorate in chemistry, began his career at an international consulting firm. Starting in 1997, he held positions at a predecessor of Evonik, initially in controlling as well as in marketing and sales. He later went on to manage various business units, heading up the Coatings & Additives Business Unit of Evonik Industries from 2008.   
 
“The innovation pipeline of Evonik is well-filled with roughly 500 short-, medium-, and long-term projects. To keep up the flow of ideas and innovations in the future, too, the Group has increased its spending on research and development by an average of nine percent per year since 2009. R&D spending in 2013 totaled Euro 394 million,” said Evonik in a press release.