Arab Today, arab today aramex founder ghandour to retire by end of 2012
Last Updated : GMT 07:10:47
Arab Today, arab today
Arab Today, arab today

Aramex founder Ghandour to retire by end of 2012

Arab Today, arab today

Arab Today, arab today Aramex founder Ghandour to retire by end of 2012

London - Arabstoday

Aramex, the Middle East’s largest logistics company, said its CEO and founder Fadi Ghandour will retire by the end of the year, to be succeeded by regional head Hussein Hachem. Ghandour, who becomes vice chairman, will focus on “strategic expansions, new investments, and sustainability,” the company said in an e-mailed statement today. Aramex, which competes in the Middle East with Deutsche Post’s DHL unit and United Parcel Service Inc., was founded in 1982 in Jordan and New York by Ghandour and William Kingson. It employs more than 12,300 people operating in 353 locations in 60 countries. “There is no better time than this 30th anniversary of Aramex, capping an astounding journey of challenges and achievements, to propose that you and I are ready for yet another leap,” Ghandour said in the statement. Aramex has been expanding into Asia, Africa and Europe through acquisitions and partnerships. The company said March 14 it signed a partnership agreement with South Korea’s CJ GLS Corp. That followed a joint venture with SinoAir in China, and the acquisitions of OneWorld Courier and In-Time Couriers in Kenya, and Berco Express in South Africa. Hachem joined the company 20 years ago when he rebuilt its operations in Kuwait after the 1991 Gulf War. He is currently CEO for the Middle East and Africa, the largest revenue- contributing region for the company, according to the statement. The courier company, which sold shares in an initial public offering in 2005, posted a 4 percent increase in profit last year as the popular uprising in the Middle East and the global credit crisis weighed on earnings. Aramex shares have gained 2.2 percent this year after dropping 13 percent in 2011. They closed 1.1 percent higher in Dubai trading on April 12, giving the company a market value of AED2.69bn (US$732.4m).

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today aramex founder ghandour to retire by end of 2012 Arab Today, arab today aramex founder ghandour to retire by end of 2012

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today aramex founder ghandour to retire by end of 2012 Arab Today, arab today aramex founder ghandour to retire by end of 2012

 



Arab Today, arab today Designer prepared new set of ornaments

GMT 02:45 2017 Wednesday ,28 June

Designer prepared new set of ornaments
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today

GMT 08:23 2017 Saturday ,24 June

Actress Feryal Yussef received new drama offers

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday