OCI N.V. has elevated the role of Ahmed El-Hoshy as its new CEO effective 1 August 2020. On the other hand, the company's present CEO, Nassef Sawiris, will assume the position of Executive Chairman of OCI’s Board of Directors, with continued responsibility for directing OCI’s strategy. 

 

Nassef Sawiris commented: “In my new role, I can fully focus on OCI’s strategic direction, and I look forward to working with the team to create long-term value for our shareholders, as we can see a wide array of exciting opportunities ahead that benefit the company, the market and our stakeholders. I also believe this is an opportune moment for the management change: this year marks an important inflection point for the company as we expect to achieve run-rate production across the platform, allowing us to benefit disproportionately from a recovery in the economic cycle.”

 

Ahmed has an impressive and proven track record of more than 10 years at OCI. Prior to becoming COO, he led OCI’s expansion in North America from no production assets in 2011 to 5.5+ million tons capacity now and has held various other senior leadership roles, including CEO of OCI Partners when listed on the NYSE and CEO of OCI Americas.

 

Ahmed El-Hoshy commented: “I am excited to take on this new role and look forward to continue working alongside Nassef, Hassan and the whole team. We have already built an industry-leading and highly efficient global platform that delivers crucial products to the world. We will continue our focus on operational and commercial excellence and recently bolstered this effort with the appointment of Bart Voet as VP Manufacturing to lead our global production platform. Our world-class asset base, led by exceptional employees, is well-positioned to drive value and growth within a framework of ever-increasing focus on safety and sustainability.”