The Board of Directors of EQUATE today announced brand-new consultations to the senior management. The Board has appointed Dr. Ramesh Ramachandran as the new CEO of EQUATE, and Mr. Naser Al-Dousari as the brand-new Senior VP of EQUATE.

CORRESPOND is a global producer of petrochemical products and the world's second biggest manufacturer of Ethylene Glycol (EG), the raw product mainly utilized to manufacture polyester fibers.

Dr. Ramachandran will be prospering Mr. Mohammad Hussain, who is retiring after acting as Chief Executive Officer for two successive 3-year terms and a job in the oil, gas, and petrochemical industry crossing 35 years. During his tenure, Mr. Hussain led the change of the organization from a single-plant operation to a global leader with manufacturing operations in Kuwait, Europe, and North America.

Before their brand-new appointments, Dr. Ramesh acted as the Senior Executive Vice President of EQUATE. Mr. Naser Al-Dousari was the Manager of Olefins Business Growth at Petrochemical Industries Company (IMAGE) and as a board member of EQUATE and Kuwait Olefin Company (TKOC), a subsidiary of Kuwait Petroleum Corporation and a founding shareholder of EQUATE.

Both Dr. Ramachandran and Mr. Al-Dousari will think their brand-new duties as CEO and Senior VP reliable November 20, 2017 and will complete the shift process with Mr. Hussain by the end of the year.

The EQUATE Group * is a global producer of petrochemicals and the world's second biggest manufacturer of Ethylene Glycol (EG). The Group has industrial facilities in Kuwait, The United States and Canada and Europe that annually produce over 5 million tons of Ethylene, EG, Polyethylene (PE) and Polyethylene Terephthalate (PET). The products are marketed throughout Asia, the Americas, Europe, the Middle East and Africa. The EQUATE Group's investors include Petrochemical Industries Company (PHOTO), The Dow Chemical Company (Dow), Boubyan Petrochemical Company (BPC) and Qurain Petrochemical Industries Company (QPIC). The Group is a leading enterprise that goes after sustainability anywhere it runs through partnerships in areas that consist of the atmosphere, economic situation and society. www.equate.com

* The EQUATE Group includes EQUATE Petrochemical Company (EQUATE), its subsidiaries and The Kuwait Olefins Company (TKOC).