GPCA names Sabic CEO Al- Benyan as chairmanby Slavka Atanasova on May 25, 2016
The Gulf Petrochemicals and Chemicals Association (GPCA) on Wednesday named the CEO of Saudi Basic Industries Co. (Sabic) as its new chairman.
Yousef Al- Benyan is taking over from Rashed Al Shamsi, former petrochemicals director at the Abu Dhabi National Oil Company (ADNOC), who was appointed to the role in March last year.
Al-Benyan was previously the vice chairman of the GPCA and will be replaced by Abdulaziz Al Hajri, ADNOC’s newly appointed director of refining and petrochemicals.
The role of treasurer has been given to Qatar Vinyl Company’s (QVC) CEO Hamad Al Nuaimi.
“With unique experience spanning the Middle East, the Americas and the Far East, Yousef Al- Benyan possesses inimitable skills that have served him well in his position as CEO of one of the world’s largest petrochemical companies,” said Dr. Abdulwahab Al-Sadoun, secretary general of the GPCA.
“His knowledge, cross- functional expertise and deep understanding of the industry will help the GPCA steer the industry into the next stage of its evolution.”
“With regional governments—like Saudi Arabia with its 2030 National Development Plan-- identifying petrochemicals as a key component of their diversification, steady hands like Al- Benyan’s will be crucial in realising the sector’s potential,” Dr. Al-Sadoun added.
An industry veteran, Al-Benyan has over 30 years' experience. He has served in his current role with SABIC since February 2015, taking over from Mohamed Al-Mady.
After a major cabinet reshuffle by the Saudi government, Al-Mady was named chairman of the General Organisation for Military Industries in Saudi Arabia. Al-Mady also served as the chairman of the GPCA from 2006 till 2015.
The GPCA, now in its 11th year of existence, represents the downstream industry in the Arabian Gulf region. Since its inception, membership has grown to include 250 companies from the chemical sector and its supporting industries.
The association’s full members accounts for over 95% of the petrochemical output in the GCC by volume. The GPCA runs six world-class events each year, and advocates for a more responsible and sustainable petrochemicals industry in the GCC.