The Emirates Steel Arkan Group announced the adoption of a new operating model based on the establishment of two separate business units, the Emirates Steel unit and the building materials unit, with the aim of benefiting from the common strengths of the steel and building materials business.
Each business unit will have a Chief Executive Officer focused on driving growth and development and reporting directly to Eng. Saeed Ghamran Al-Romaithi, Group CEO. Saeed Al Ghafri will be responsible for the Emirates Steel business unit as CEO, while Saeed Al Dhaheri will lead the building materials business unit as acting CEO and Vice President of Commercial Affairs.
Engineer Saeed Ghamran Al-Rumaithi, CEO of Emirates Steel Arkan Group, said: “We are keen to follow the best ways to enable the group to benefit from the strengths and complementary capabilities of the Emirates Steel and Building Materials units to achieve our strategic ambitions and aspirations for further growth. We have reached an operating model that will drive our progress and enhance the efficiency of our operations, and pave the way towards greater successes in the future.”
He added, “The new model is based on our unified values based on human capital, accountability, and innovation, based on a team culture that will enable us to achieve our strategic goals efficiently and effectively, while providing more opportunities for development and prosperity for our employees.”
The two new business units will be supported by central support divisions, including finance, human capital, technology, strategy and transformation, as well as a new ventures division.