Aramex announces CFO transition

Bashar Obeid will be stepping down from his position as Aramex’s Chief Financial Officer in order to pursue other endeavours. In a statement sent to Post&Parcel today (16 October), Aramex said that Obeid is exercising his early retirement option and he will continue to serve as the company’s CFO until 28 February 2018 in order to “facilitate a smooth transition of his responsibilities”.

Aramex has named Nadia Abusarah, currently serving as the Company’s Executive Corporate Controller, as Interim Chief Financial Officer (CFO).

Hussein Hachem, CEO of Aramex commented: “Throughout his 24 years with Aramex, Bashar 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 Bashar dedicated to Aramex. He leaves a legacy of financial stewardship and discipline that will contribute to our future success for years to come.

“Nadia 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 at Aramex.”