Mumbai, December 18, 2019:

Covestro India, one of India's leading producers of advanced and high-performance polymers recently appointed Anand Srinivasan, as its new Managing Director. Srinivasan’s appointment will be has been effective from December 18, 2019.

Srinivasan previously was the Head of Polycarbonates and replaced Ajay Durrani former Managing Director, Covestro India who held the post for six years.

Srinivasan has been working closely with Durrani to allow a smooth transition of business ensuring continuity of leadership. After moving to India from USA, Srinivasan 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.

Stephan Rosenthal, Head- 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", commented Sirinivasan.