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Aramex CEO resigns after 28 years with the company

May 3, 2021
finance & economy

Bashar Obeid will stay on as an advisor, company tells DFM

Dubai’s Aramex CEO Bashar Obeid has resigned after 28 years with the company - the final four of which were in the top job.

Obeid is leaving his job at the logistics company for personal reasons but will return as an advisor, Aramex said in a statement to Dubai Financial Market, (DFM).

He will stay in post until a new CEO is found, and board members are set to discuss who will replace him at their meeting on Wednesday (May 5).

Obeid joined the company in 1993 as a fresh graduate and was appointed CEO in 2017.

The company told DFM he had spearheaded an ambitious growth strategy, strengthening global partnerships and expanding its footprint.

Aramex posted AED 270 million ($73.5 million) in 2020 compared with AED 501 million in 2019.

zawya

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