EQUATE announces new leadership appointments

Today, the Board of Directors of the EQUATE Group is pleased to announce two new senior leadership appointments.

Sudhir Shenoy has been named Sr. Vice President of EQUATE, effective October 1, 2020. He will succeed Naser Aldousari, who has been appointed as the new Chief Executive Officer (CEO) of EQUATE, effective October 1, 2020.

Shenoy was previously Country President & CEO of Dow Chemical International Pvt. Ltd (Dow India), – a global material science company with India sales at over US$1.2 billion. Shenoy joined Dow in 1997 as a sales manager, and then moved into various management roles in Sales, Business, Asset and Commercial Management, based out of developed markets such as Europe, as well as fast growth markets such as China and India. He managed across large businesses like polyurethanes to market-facing businesses such as Home & Personal Care and Water Solutions. With his diverse expertise in his 20+ years with Dow, he played a key role in Dow’s growth in the specialty business segments, helping transform the company to a more customer-centric and innovation-focused organization.

“Having the opportunity to join EQUATE – an organization of global excellence within the petrochemical industry – is one that I am delighted to assume,” said Shenoy. “I look forward to being part of an organization that has enjoyed strong leadership since its inception and hope to contribute learnings gained in my career in other parts of the world for the long-term success of EQUATE.”

The Board also announced Phisanu Sermchaiwong, currently Dow’s Area Finance Director – Asia Pacific, will return to Kuwait to re-assume the EQUATE Chief Financial Officer role. He will replace Dawood Alabduljalil, Chief Financial Officer (CFO) for EQUATE since 2018, who is retiring in October, 2020. Sermchaiwong has held roles in Dow such as Financial Planning manager for North America, CFO of the SCG-Dow Group of joint ventures and Finance director for Dow Thailand. In 2009, he was appointed global Financial Planning director for the Treasury department and in 2014 he was appointed CFO of EQUATE. He was appointed to his current role in 2018. He said he looks forward to re-joining EQUATE.

“EQUATE’s culture of excellence puts us in the right position to continue to build on our success and lead our industry and communities into the future,” Sermchaiwong said.

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.

“We welcome these two excellent leaders to our team as EQUATE continues to maximize stakeholder value by providing outstanding products and services to our customers,” he said. “We also recognize Mr. Dawood Alabduljalil for his contribution to EQUATE’s standing in global markets, and its continued success in the industry, and we wish him a long and healthy retirement.”

EQUATE Vice Chairman from Dow, Mr. Raja Zeidan added, “We are confident that with their strong industry expertise and experience, Mr. Shenoy and Mr. Sermchaiwong will do a tremendous job within the leadership team led by our new CEO, Naser Aldousari. I expect to see EQUATE continuing to build on its culture of excellence as an internationally recognized industry leader.”