Date(s) - 26 September 2017
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Kuwait, 26 September 2017 — The Board of Directors of EQUATE today announced new appointments to the senior leadership. The Board has appointed Dr. Ramesh Ramachandran as the new CEO of EQUATE, and Mr. Naser Al-Dousari as the new Senior VP of EQUATE.
EQUATE is a global producer of petrochemical products and the world’s second largest producer of Ethylene Glycol (EG), the raw material mainly used to manufacture polyester fibers.
Dr. Ramachandran will be succeeding Mr. Mohammad Hussain, who is retiring after serving as CEO for two consecutive 3-year terms and a career in the oil, gas, and petrochemical industry extending over 35 years. During his tenure, Mr. Hussain led the transition of the organization from a single-plant operation to a global leader with manufacturing operations in Kuwait, Europe, and North America.
Prior to their new appointments, Dr. Ramesh served as the Senior Executive Vice President of EQUATE. Mr. Naser Al-Dousari was the Manager of Olefins Business Development at Petrochemical Industries Company (PIC) and as a board member of EQUATE and Kuwait Olefin Company (TKOC), a subsidiary of Kuwait Petroleum Corporation and a founding shareholder of EQUATE.
Both Dr. Ramachandran and Mr. Al-Dousari will assume their new roles as CEO and Senior VP effective November 20, 2017 and will complete the transition process with Mr. Hussain by the end of the year.