Borouge names new CFO, COO in a reshuffle

Borouge reshuffles the C-suite: Borouge is appointing Siegfried Wengler (LinkedIn) as CFO effective 1 July, according to a press release (pdf). He brings 22 years of experience and is no stranger to the fhaving spent the past eight years in a senior finance role, most recently as vice president of group finance. Before that, he held senior positions at Borealis, Pfizer, and Deloitte.

AND- Salem Al Busaeedi (LinkedIn) will take on the COO role with immediate effect. Al Busaeedi previously served as senior vice president of operations and has spent 25 years with Borouge.

BACKGROUND- The move follows the formation of Borouge Group International — a USD 60 bn platform combining Borouge, Borealis, and Nova Chemicals — earlier in April, following the completion of their merger.

District cooling giant Tabreed promoted Atef AlBreiki (LinkedIn) to chief asset management officer, bringing the former executive vice president of operations and maintenance into its executive management team, according to a press release (pdf). AlBreiki has spent the past eight years at Tabreed, and in his new role he will head the company’s asset management function, focusing on portfolio performance, capital allocation, and long-term value creation.