Carmelo Lo Faro has been promoted to a new role as president of the company’s materials segment, which includes specialty polymers and composite materials.

According to the company, its materials business had revenues of €2.6 billion in 2020.

‘I am delighted that Carmelo will be leading our materials segment,’ said Solvay CEO Ilham Kadri. ’He brings more than 20 years of experience in research and innovation, strategy, business development and general management in advanced materials, which will be invaluable in helping us deliver high-margin growth, progress innovation with our customers and drive sustainability in key markets.’

Lo Faro takes over responsibility for Solvay's specialty polymers unit from Michael Finelli, who has taken on a new role to manage Solvay's strategic growth platforms.

This story uses material from Solvay, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.