Aramex, a leading global provider of logistics solutions, has announced that Bashar Obeid, chief financial officer (CFO), has informed the board of directors of his plans to exercise his early retirement option by stepping down in order to pursue other endeavours.

Obeid will continue to serve as the company’s CFO until February 28, to facilitate a smooth transition of his responsibilities, said a statement from the company.

Aramex has named Nadia Abusarah, currently serving as the company’s executive corporate controller, as interim chief financial officer (CFO), replacing Obeid, it said.
 
Obeid joined the accounting and finance team at Aramex in 1993, and since then, he has grown into several leadership positions including the company's financial controller, group financial controller, and finally his current position as the chief financial officer.

He was a member of the team that oversaw Aramex’s public offering on the NASDAQ stock exchange and later on the Dubai Financial Market (DFM), it added.
 
Hussein Hachem, CEO of Aramex, said: “Throughout his 24 years with our company, Obeid helped guide the company to where we are today and worked very hard to grow the business, increase profitability and ensure financial stability.”

“We highly appreciate the years of service he dedicated to our organisation. He leaves a legacy of financial stewardship and discipline that will contribute to our future success for years to come,” he added.
 
“Abusarah is well qualified to serve as interim CFO, and we are confident of the key role she will play in the strategic transformation we're executing here. We remain focused and committed to moving forward with our plans and delivering exceptional results for the remainder of 2017 and beyond," he concluded. – TradeArabia News Service