OCI NV, Amsterdam, said on June 11 CEO Nassef Sawiris will assume the position of Executive Chairman of OCI’s Board of Directors, with continued responsibility for directing OCI’s strategy.
Ahmed El-Hoshy, currently COO, will succeed Sawiris as CEO.
Hassan Badrawi will oversee M&A, in addition to his current role as CFO.
The appointments are effective Aug. 1.
Michael Bennett, currently Board Chair, will assume the role of Non-Executive Co-Chairman and Senior Independent Director. Sipko Schat will assume the role of Board Vice Chairman.
In other management news, Bart Voet will join OCI in the third quarter as Vice President, Manufacturing. He has spent 27 years with Shell, most recently as Vice President, Refining & Chemicals Manufacturing for Europe, Africa, Asia, and the Middle East.