MUMBAI, DECEMBER 18, 2019: Covestro India, one of India's leading producers of advanced and high-performance polymers announced the appointment of Mr. Anand Srinivasan, currently the Head of Polycarbonates, as its new Managing Director. Srinivasan shoulders this role, effective 18th December 2019, from Mr. Ajay Durrani who served as the Managing Director of Covestro India for six years. Mr. Durrani has been a part of Covestro for over two decades successfully handling his responsibilities at various positions.

Mr. Anand Srinivasan has been working closely with Mr. Durrani to allow a smooth transition of business ensuring continuity of leadership. After moving to India from USA, Anand took over as the Plant Manager of Ankleshwar facility and went on to head the Supply Chain Center in Mumbai. Currently, he heads the Polycarbonates business in India.

Commenting on the appointment, STEPHAN ROSENTHAL, HEAD OF COUNTRY PLATFORM MANAGEMENT, COVESTRO AG said, "India is one of the growing markets in the world and we are happy to have Anand as the Managing Director of Covestro India. He understands the vision of the company intrinsically and we are confident that he will effectively lead in his new role".

"I am extremely pleased to take over this role at an exciting phase of the company. Together with our team and partners our focus will be to strengthen our partnerships and build new relationships for future growth. We are committed to build our product portfolio and take initiatives that touch many lives and make the world a brighter place", said ANAND SIRINIVASAN, MANAGING DIRECTOR, COVESTRO (INDIA) PRIVATE LIMITED.