October 2020

Royal Philips appoints new CEO for Mideast, Turkey operations

Royal Philips, a global leader in health technology, announced the appointment of Vincenzo Ventricelli as Chief Executive Officer for the company’s operations in the Middle East and Turkey, based in Dubai.

He replaces Ozlem Fidanci, who has now been appointed as Head of Global Markets of Philips’ Domestic Appliances business, based in Amsterdam. Early this year, Philips had announced that the Domestic Appliances (vacuum cleaners, iron, kitchen appliances, coffee machines) will function as a separate company from July 2021.

Announcing the new appointment, Royal Philips said Ventricelli had joined its Italy unit in 1996 and has ever since held several positions in sales and marketing in different locations such as Italy, Central and Eastern Europe, and the Middle East.

He then became Market Leader for Middle East and Turkey for Philips Personal Health in 2015. Over the last three years, Ventricelli led the Health Systems business in MET region with significant achievements.

On his new role, Ventricelli said: “Having been a part of Philips for over 20 years, it has been exhilarating to grow and develop its identity. I’m excited to take up my new role.”




KPMG in Bahrain expands its tax and corporate services team

KPMG in Bahrain has announced the appointment of an additional Tax Partner and new resources to broaden the capabilities of the Tax and Corporate Services team.

Mubeen Khadir joins KPMG in Bahrain as Tax Partner leading the Tax and Corporate Services team along with KPMG’s Head of Tax and Corporate Services, Philippe Norre. Khadir previously led and managed the tax team at another Bahrain-based consulting firm. Prior to that, he was member of the KPMG family in Saudi Arabia. The team will also take on an additional eight experts making the team the largest service provider in the kingdom.

Jamal Fakhro, Managing Partner at KPMG in Bahrain, added: “Mubeen is an astute professional, and a valuable addition to our firm. The industry expertise he brings along with his team, coupled with our existing competencies reinforces KPMG’s commitment to quality.”




Trade Bank of Iraq names new Chairman and President

Trade Bank of Iraq (TBI) announced that it has named Salem Jawad Abdul Hadi Al-Jalabi as the company’s Chairman and President effective immediately under the directive of the Iraqi Prime Minister Mustafa Al-Kadhimi.

Al-Jalabi will oversee and manage the operations of the the biggest Iraqi bank whose exceptional and unprecedented financial performance has resulted in it being ranked as one of the best regional banks and the safest bank in Iraq.

Al-Jalabi, who graduated from Yale University, will bring a wealth of experience as the new Chairman of TBI.  He has previously held high-ranking positions across his career and most recently was the legal advisor to the current Prime Minister Mustafa Al-Kadhimi.

Al-Jalabi has in-depth experience in business development, strategic planning and extensive experience in Iraqi government policies as he was involved drafting the new Iraqi constitution after 2003. He was appointed General Director of the Iraqi Special Tribunal for Crimes against Humanity in 2004 and he also worked as an advisor to former Prime Minister Adel Abdul Mahdi.

He will be succeeding Faisal Al Haimus in the new position.




EnerMech targets high value contracts with new appointment

Integrated solutions specialist, EnerMech, has appointed James Compston as Strategic Sales Director in a drive to ramp up activities in the international energy and infrastructure sectors.

Compston will be responsible for driving the strategy, pursuit and delivery of contracts with a focus on the global defence, renewables, integrity management and infrastructure markets.

Since 2013, Compston was Senior Vice President of Business Development at SNC Lavalin incorporating since 2017, WS Atkins. He also spent 13 years with PwC where he led non-audit services.

Based in the UK, he will take the lead in developing strategy and securing multi-million pound contracts with a focus on the global defence, renewables, integrity management and infrastructure markets.

Working with EnerMech’s Chief Development Officer, Behzad Kazerani, and reporting directly to CEO Christian Brown, he will work alongside John Grover who is based in Dubai and holds the same remit for developing EnerMech’s business in the eastern hemisphere.

Brown said:, “Adding James Compston to our management team provides us with a very strong hand in developing our existing relationships with key global clients and for exploring new opportunities in the wider infrastructure space.”

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