Equate Group, a global producer of petrochemicals and the world’s second-largest producer of ethylene glycol (EG), has announced changes in its senior leadership team with the appointment of Naser Aldousari as its new chief executive officer (CEO).

Aldousari, currently working as the Senior VP of Equate, replaces Dr Ramesh Ramachandran, who will retire as CEO of the Greater Equate Group, effective September 30, 2020, according to a statement.

Aldousari‘s career has spanned more than 24 years in the global petrochemical industry and includes several senior leadership roles with Petrochemical Industries Company (PIC) and membership on the Equate and The Kuwait Olefins Company (TKOC) Boards of Directors.

Sulaiman AlMarzouqi, Chair of the Equate Board of Directors, said the organisation is committed to a smooth and seamless transition within the senior leadership team as Equate prepares for a new era of continued success and growth. On behalf of the Board, he thanked Dr Ramachandran for his long and dedicated service to MEGlobal and Equate that delivered extraordinary results across the globe.

“As we enter a next phase of growth of Equate, Aldousari is ideal to take over the leadership of this great company,” he said.