Neils Bormans will be responsible for each of the Corporation’s subsidiaries
The Phillips Group, a global executive search firm, recently announced that Niels Bormans, former Deputy Group CEO, Ghobash Group and CEO, Aban Investment, has been appointed the new Group CEO of the Zubair Corporation.
Based out of Muscat, Oman, the Zubair Corporation, founded in 1967, is one of the most important economic multi-activity conglomerates in the Sultanate, operates in various sectors including; energy, engineering and contracting, real estate and hospitality, finance, banking and investments, automotive, IT and electrical equipment and furniture.
Bormans, originally from the Netherlands and working in the region for the past five and a half years, will report to Rashad Al Zubair as he joins the Zubair Corporation on 2 January, 2022. Bormans will be responsible for each of the Corporation’s subsidiaries.
Bormans has been tasked with future proofing the business in its entirety. He will capitalise on upcoming trends for legacy businesses while developing new sources of revenue and net profit to counter act and benefit from recent market disruption, a press communiqué stated.
“Having a repertoire of strategy, private equity, and hands-on operational experience made him an easy top choice for us as a search firm, a sentiment that was echoed by the Zubair Corporations Board,” remarked Shane Phillips, CEO, the Phillips Group. “I am delighted to have been selected for the role of CEO at such an established and well-respected company like the Zubair Corporation,” commented Bormans.