The board of directors of Equate (Safat, Kuwait), the largest producer of petrochemicals in Kuwait, today announced the appointment of Ramesh Ramachandran as the new CEO and Naser Al-Dousari as the new senior vice president.
Equate is a joint venture between Petrochemical Industries Co. (PIC), Dow Chemical, Boubyan Petrochemical Co., and Qurain Petrochemical Industries Co.
Ramachandran will succeed Mohammad Hussain, who is retiring after serving as CEO for two consecutive three-year terms and a career in the oil, gas, and petrochemical industry extending over 35 years. During his tenure, 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. Both Ramachandran and Dousari will assume their new roles effective 20 November 2017 and will complete the transition process with Hussain by the end of the year.
Prior to his new appointment, Ramachandran served as the senior executive vice president of Equate. Dousari was the manager of olefins business development at PIC and a board member of Equate and Kuwait Olefin Co., a subsidiary of Kuwait Petroleum Corporation and a founding shareholder of Equate.
Equate Group is a global producer of petrochemicals and the world’s second-largest producer of ethylene glycol (EG), following its recent acquisition of MEGlobal. The group has industrial complexes in Kuwait, North America, and Europe that produce over 5 million metric tons/year of ethylene, EG, polyethylene, and polyethylene terephthalate. The products are marketed throughout Asia, the Americas, Europe, the Middle East, and Africa.
By Natasha Alperowicz
Source: Chemical Week
Neste Corporation’s Board of Directors has appointed Heikki Malinen, M.Sc. (Econ.), MBA (Harvard) as the President and CEO of Neste as of 2 November 2024, at the latest. Malinen joins Neste from Outokumpu Corporation where he has held the position of President and CEO since 2020.
Petrochemicals company Sasol has announced that CFO and executive director Hanré Rossouw will step down from his position, effective October 31. Sasol has started the process to appoint a successor. Rossouw will still oversee the publication of Sasol’s reports for the financial year ending June 30, to allow for a structured handover period.
Chemours announced its CFO Jonathan Lock has resigned from all positions within the company, according to an SEC 8-K filing on April 23. The resignation comes in the aftermath of the company announcing that Lock, former CEO Mark Newman, and principal accounting officer Camela Wisel, had been placed on administrative leave.
