The board of directors of EQUATE announced new appointments to the senior leadership. The board has appointed Dr Ramesh Ramachandran as the new CEO of EQUATE, and Naser Al-Dousari as the new senior vice president.
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 fibres.
Dr Ramachandran will be succeeding 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, Hussain led the transition of the organisation from a single-plant operation to a global leader with manufacturing operations in Kuwait, Europe and North America.
Prior to the new appointment, Dr Ramachandran served as the senior executive vice president of EQUATE. Al-Dousari was the manager of olefins business development at Petrochemical Industries Company, a board member of EQUATE and Kuwait Olefin Company (a subsidiary of Kuwait Petroleum Corporation), and a founding shareholder of EQUATE.
Both Dr Ramachandran and Al-Dousari will assume their new roles as CEO and senior vice president, respectively, effective 20 November 2017 and will complete the transition process with Hussain by the end of the year.
The EQUATE Group has industrial complexes in Kuwait, North America and Europe that annually produce over five million tons of ethylene, EG, polyethylene and polyethylene terephthalate. The products are marketed throughout Asia, the Americas, Europe, the Middle East and Africa.
The EQUATE Group’s shareholders include Petrochemical Industries Company, The Dow Chemical Company, Boubyan Petrochemical Company and Qurain Petrochemical Industries Company. The group is a leading enterprise that pursues sustainability wherever it operates through partnerships in fields that include the environment, economy and society.