Country: UAE (Jordan)
2012 was the year that Fadi Ghandour finally stepped down as CEO of Aramex, the logistics firm he founded 30 years ago.
New CEO Hussein Hachem has now taken on the reins, while Ghandour remains as vice chairman. Aramex is one of the great entrepreneurial success stories of the Arab world - founded in Jordan, the outfit took on the giants of the global express industry, such as DHL and FedEx. Via a canny policy of deals and partnerships, and later organic growth and acquisitions, Aramex is now worth $700m on the Dubai Financial Market, has 12,300 staff in 353 locations across 60 countries, and was the first Arab company to list on the NASDAQ exchange. Ghandour is a founding partner of Maktoob.com; the world’s largest Arab On-Line community which was acquired by Yahoo!; is a member of the board of Abraaj Capital, is a founding board member of Endeavor Jordan and serves on the advisory board of the Suliman S. Olayan School of Business at the American University of Beirut.