Gulftainer appoints new chief financial officer

UAE-based Gulftainer, a leading global port operator, has appointed Javier Echeverria as its new Chief Financial Officer (CFO), marking the company’s next step towards continued growth and gloabl expansion.

In his previous role, Echeverria served as Regional Finance Manager of the Euromed & Americas Region for the Singaporean company PSA, based out of Antwerp, Belgium. He managed a multi-billion business driving its financing strategy and performance since 2019, with a portfolio of assets spanning across 11 countries including the US.

Echeverria joined PSA in 2014 as Regional Head of Finance for the LatAm Region based in Panama. He is a leader with a track record of delivering profitable growth for supply chain companies.

Charles Menkhorst, CEO of Gulftainer, said: “Javier is a proven leader in finance with a superior track record of delivering results and creating value. After a rigorous global search process, I am excited to welcome Javier to the Gulftainer group.

“He is a high-impact executive who brings a compelling blend of strategic and capital allocation discipline, well-honed operating skills, and transformational leadership abilities.”  

Bassoul

Intercoil appoints new chief strategy officer

Dubai-based Intercoil International, a leading manufacturer and distributor of sleep products, has announced the joining of Selim Bassoul as Chief Strategy Officer (CSO).

Hassan Al-Hazeem, Managing Director & CEO, Intercoil International, said: “Selim is more than a role model for entrepreneurs and CEOs. He is both a motivator and innovator with the vision and drive to take Intercoil to the next level. He is a highly experienced change agent with a proven history of creating impactful development strategies. We are looking forward to Selim increasing our exposure in international markets and creating a new dynamic for Intercoil around the world,” he added.

Bassoul, 64, joins Intercoil from his former role as President, CEO and Chairman of The Middle by Corporation (MIDD), a leading designer and manufacturer of food service and processing equipment. Currently he serves as Director & Non-executive Chairman at Diversey Holdings and as Chairman of the board of Six Flags Corporation. He also serves on the board of the Kellogg School of Management.

Alhussayen

Saudi Logistics Company names new acting CEO

Saudi Logistics Services (SAL), a market leading air cargo handler, has announced the appointment of Engineer Hesham bin Abdulla Alhussayen as the new acting chief executive officer (CEO). He replaces Omar Hariri, who takes the helm at Saudi Ports Authority (Mawani) effective July 1.

Announcing the appointment, Chairman Fawaz bin Mohammed Al Fawaz said: “Alhussayen has gained the trust of the board throughout his time as COO and has over 25 years of experience holding leadership positions at multiple prominent Saudi companies.”

“We see huge possibilities to expand the business and deliver on our strategy. This transitional period SAL will not affect our operations at all and will serve as a new opportunity to enhance SAL’s logistics services at all of the Kingdom’s main airports,” he stated.

“We are confident Alhussayen and his team will continue to deliver exceptional results and reach new milestones,” he added. He also commended the services of Hariri and thanked the departing CEO for his achievements during his tenure.

Chavrot

Empire Aviation Group names new global head of aircraft sales & acquisitions

Empire Aviation Group, the Dubai-based private aviation specialist providing aircraft management services, aircraft sales and charter, and CAMO (Continuing Airworthiness Management Organisation), has announced the appointment of Matthieu Chavrot as the global Director of Aircraft Sales & Acquisitions.

Empire Aviation manages one of the largest mixed fleets of business jets in the Middle East, and continues to develop its portfolio of services. Chavrot will focus on sales and acquisitions as global demand for business jets increases, driven by the current global travel restrictions and the growing appreciation of the privacy, freedom and controlled environment offered by private aviation.

According to Empire Aviation, the global private aviation market has been very active over the last 18 months, as the pandemic helped increase the recognition of the benefits of private aviation, creating new and sustainable opportunities in sales and acquisitions. The current challenge is the diminishing inventory of high quality pre-owned aircraft for buyers looking for a fast acquisition. Empire Aviation is aiming to build the same professional reputation in aircraft sales as it has successfully done in aircraft management.