Nicolas Sibuet, Chief Financial Officer, has been named the Acting Group CEO of Aramex effective Thursday (24 April) after the Board of Directors announced it had accepted the resignation of Othman AlJeda, Group Chief Executive Officer (CEO).
AlJeda cited personal reasons for his resignation.
Chairman of the Board of Directors, Mohamed Juma Alshamsi, praised AlJeda’s long association with the company and commented: “Speaking on behalf of the Board, I would like to thank Othman for his extraordinary commitment to Aramex over 31 years of service.
“His leadership, dedication, and unwavering belief in the potential of this company have been instrumental in shaping Aramex into the global logistics player it is today. The Board has accepted Othman’s resignation with deep appreciation and great respect for the legacy he leaves behind.”
Leadership shift at Aramex
Sibuet, who joined Aramex in January 2022, has over 30 years of experience across the logistics, shipping, oil & gas, and aviation industries.
“To ensure a smooth transition, we have appointed Nicolas Sibuet, our Chief Financial Officer, to serve as Acting Group CEO. Nicolas brings 30 years of experience with a proven track record of leading companies towards transformational growth. We are confident that under his leadership, Aramex will continue to advance with strength and clarity of purpose,” Alshamsi added.
AlJeda said: “I would like to thank the Board, my team and every employee at Aramex for what we have achieved together – building a global logistics company from the region, innovating across borders, and staying true to our values. I am grateful to have been a part of this extraordinary company for the past 31 years – from my earliest days on the ground, to the many challenges and milestones we have faced together, I have grown alongside Aramex.
“I have full confidence in Aramex’s future and the leadership of Nicolas Sibuet, who will carry the momentum forward with strength, care, and a deep sense of responsibility.”
Sibuet added: “I am grateful to the Board for the confidence they have placed in me, and look forward to leading Aramex in the interim period and through its next stage of growth. I would like to extend my sincere appreciation to Othman for his leadership and guidance over the years, as well as his invaluable contributions to the business.”
Founded in 1982, the company has become a major global player in logistics and transportation.
Earlier this year, Q Logistics Holdings, a wholly owned subsidiary of Abu Dhabi’s ADQ, made a cash offer to buy 100 per cent shares of Aramex. On 28 March, ADQ revealed it had secured a 63.26 per cent stake, following the voluntary conditional cash offer. ADQ already owned a 22.69 per cent stake in the company when it launched the offer.
Listed on the Dubai Financial Market and headquartered in the UAE, the company operates in over 600 cities across 70 countries and employs over 16,000 professionals.
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