MOSCOW (MRC) -- Covestro announced that Samir Hifri will take the reins as chairman and president at Covestro LLC, effective July 1, 2023, said the company.
In this role, Hifri will lead the U.S. operations of the global materials company, succeeding Haakan Jonsson, who will retire after 30-plus years of service with Covestro.
“I’m both humbled and grateful for the opportunity to lead and work alongside the talented U.S. team, as we continue to advance the company’s vision of becoming fully circular,” said Hifri. “In some ways, I feel as though as my own career has come full circle, as this next chapter brings me back to Pittsburgh, where my Covestro journey first began.”
Hifri joined the company in 1998 as a commercial trainee at Covestro’s U.S. headquarters in Pittsburgh, Pa. Since then, he has led a diverse career spanning product management, sales & marketing, supply chain and country management – a path that has taken him to 10 Covestro sites across six countries and three continents. Hifri currently serves a dual role as the senior vice president and managing director of Covestro Hong Kong, as well as head of the Supply Chain & Logistics Center for the Asia Pacific region.
Hifri graduated from Duquesne University with a bachelor’s degree in international finance, and he also holds an executive degree from INSEAD in France. Hifri is married with four children, and, in addition to his professional responsibilities, remains active in a number of community and academic functions.
We remind, Covestro has again been awarded an „A-“ rating in this year’s climate protection ranking by the Carbon Disclosure Project (CDP). This underpins Covestro’s climate protection efforts and maintains its position among the leading companies in this segment. After already achieving very good results last year, Covestro participated in the survey again this year and con-vinced with its complete focus on the circular economy.
Covestro’s U.S. presence includes roughly 2,700 employees and 13 site locations across the states of Georgia, Illinois, Indiana, Massachusetts, Ohio, Pennsylvania, Rhode Island, Texas and West Virginia. The U.S. business represents approximately 25 percent of global Covestro sales.