MOVES- Current COO Ahmed El Hoshy will become CEO of Netherlands-based nitrogen and methanol giant OCI NV while Hassan Badrawi will take responsibility for the company’s M&A activities in addition to his role as CFO. The moves come as founder Nassef Sawiris becomes executive chairman of the board, letting go of the CEO post, the company said in a statement (pdf). Michael Bennett will become the new non-executive co-chairman and senior independent director, while Sipko Schat has been named vice chairman of the board. All changes are effective starting 1 August 2020. A further change will be made later in the year with the arrival of Bart Voet as VP of manufacturing in 3Q2020.

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