Kuwait's EQUATE Group announced that from 30th September this year Dr. Ramesh Ramachandran will retire as CEO and will be replaced by Naser Aldousari who is currently a senior vice president.
Naser Aldousari's career has spanned more than 24 years in the global petrochemical industry and includes several senior leadership roles with Petrochemical Industries Company (PIC) and membership on the EQUATE and The Kuwait Olefins Company (TKOC) Boards of Directors.
Sulaiman AlMarzouqi, Chair of the EQUATE Board of Directors, said the organization is committed to a smooth and seamless transition within the senior leadership team as EQUATE prepares for a new era of continued success and growth. On behalf of the Board, he thanked Dr. Ramachandran for his long and dedicated service to MEGlobal and EQUATE that delivered extraordinary results across the globe.
“As we enter a next phase of growth of EQUATE, Aldousari is ideal to take over the leadership of this great company,” he said. “He has the experience, knowledge and vision to lead EQUATE through this challenging time and prepare it for new levels of success in the future.”
EQUATE lead director from Dow, Raja Zeidan added, “We are looking forward to the leadership that Aldousari will bring to our organisation. We also thank Dr. Ramachandran for the many milestones he achieved while CEO with MEGlobal and then CEO of EQUATE. He brought a new level of shareholder value and a global perspective that has become a core part of our identity and strategy. ”
Aldousari said he is looking forward to his new responsibilities. “I know this organization’s impressive achievements are only the beginning of what we can accomplish. I am grateful for the confidence placed in me by the Board and am committed to continuing the operational excellence, innovation and global leadership for which EQUATE has become known.”
Dr. Ramachandran said: "EQUATERs can be proud of the successes we have achieved in the past few years and your resilience and determination will serve you well. Naser will make a superb CEO and with the support of the new leadership team, I have full confidence in his ability to continue the organizational excellence that makes EQUATE a global industry leader.”