Filed Under (News) by Asrar Mohammad on June-15-2020
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.”
Filed Under (News) by Asrar Mohammad on June-15-2020
KUWAIT, June 15th, 2020 — Effective Sept. 30, 2020, Dr. Ramesh Ramachandran will retire as CEO of the Greater EQUATE Group.
He will be replaced by Mr. Naser Aldousari, current Senior VP of EQUATE, whose 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, Mr. 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, Mr. Raja Zeidan added, “We are looking forward to the leadership that Mr. Aldousari will bring to our organization. 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. We thank him deeply for his leadership and dedication.”
Mr. Aldousari said he is looking forward to his new responsibilities.
“I am honored to assume the role of CEO of EQUATE,” Aldousari said. “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.”
He added, “I would like to thank Dr. Ramachandran for his hard work, innovative thinking and commitment to EQUATE’s values. He has taken us to a new level of achievement and has given us the platform from which to launch a new era of success for EQUATE.”
Dr. Ramachandran called his time as EQUATE CEO one of the pinnacles of his career.
“It has been a privilege to work with a team of people dedicated to excellence, in whatever division or role in which they work,” he 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.”
About EQUATE Group
The EQUATE Group is a global producer of petrochemicals and the world’s second-largest producer of ethylene glycol (EG). The Group owns and operates industrial complexes in Kuwait, North America and Europe that annually produce over 6 million tons of ethylene, ethylene glycol (EG), polyethylene (PE), polyethylene terephthalate (PET), styrene monomer (SM), paraxylene (PX), heavy aromatics (HA) and benzene (BZ). The EQUATE Group includes EQUATE Petrochemical Company (EQUATE), The Kuwait Olefins Company (TKOC), subsidiaries such as MEGlobal and Equipolymers. Their products are marketed throughout Asia, the Americas, Europe, the Middle East and Africa. The EQUATE Group’s shareholders are Petrochemical Industries Company (PIC), The Dow Chemical Company (Dow), Boubyan Petrochemical Company (BPC) and Qurain Petrochemical Industries Company (QPIC). Employing more than 1,500 people worldwide, the EQUATE Group is a leading enterprise that pursues sustainability wherever it operates through partnerships in fields that include the environment, economy and society.
Filed Under (News) by Asrar Mohammad on June-1-2020
EQUATE supports the Kuwait government in its actions to contain the spread of coronavirus (COVID-19). EQUATE- Kuwait Offices will remain closed until further notice.
Filed Under (News) by Asrar Mohammad on March-31-2020
EQUATE supports the Kuwait government in its actions to contain the spread of coronavirus (COVID-19). EQUATE- Kuwait Offices will remain to be closed until April 23rd, 2020.
Filed Under (News) by Asrar Mohammad on March-13-2020
EQUATE supports the Kuwait government in its actions to contain the spread of coronavirus (COVID-19). In alignment with the Council of Ministers decision, EQUATE- Kuwait will be closed from the 12- 26 of March, with wok resuming on the 29th of March .