Cairo,Egypt – April 1st, 2020: Egytrans, a leading transport and logistics company, announced the appointment of three new independent members to the company’s board of directors, effective March 31st,2020. Joining the board are Mr. Mohamed Khodeir, Founder and Managing Partner of Khodeir & Partners, Mr. Samer El Waziri, Financial Advisor to Raya Holding Board of Directors and Mohamed Okasha Co-Founder, Managing Director of Fawry Egypt. With the imminent start of the planning process for 2020-2024 StrategicDirection the expertise of these new board members in strategy implementation, and business and technology development, are vital to the future operations and direction of Egytrans.
“We are excited to welcome Mohamed Okasha, Mohamed Khodeir and Samer El Waziri to our board of directors. Their extensive experience and background will strengthen our operations and serve Egytrans’ strategy to continue realigning itself, flexibly and efficiently, to adapt and grow the business to the demands of the market while still ensuring high levels of quality and service,” said Abir Leheta, Chairman of Egytrans.“Their counsel and expertise will bring energy to our board and strengthen our commitment to learning and development and enhancing business solutions to better serve our employees, customers, and shareholders."
Mohamed Okasha is best known as the co-founder, member of the Board of Directors and previous Managing Director of FawryEgypt. His two decades of experience span commercial and operations management of both IT and Telecom Industries with high level roles held previously at Raya and Vodafone.
Samer El Waziri is currently Financial Advisor to the Board of Directors of Raya Holding. Prior to that, he held the position of Executive Chairman of Raya Foodand Raya Food Trading, preceded by over a decade as CFO of Raya Holding and prior to that CFO of GSK.
Mohamed Khodeir is the Managing Partner of Khodeir and Partners law office. A renownedfigure in the MEA region, Khodeir holds a strong track record advising investors and a deal sheet exceeding 50 Billion USD. Prior to co-founding and heading the corporate practice of Khodeir &Partners, he held the position of CEO of the General Authority for Investmentand Free Zones (GAFI) in Egypt, and played an instrumental role in the new investment law issued during his tenure. Mohamed was also a partner in one of the largest law firms in the Middle East and managed two major law offices of that firm in the region, oversing expansion in the region and co-founding Egypt operation.
The three new board members will take the place of Hassan Atta, Mohga Badran and AmrKais who have left the board of Egytrans effective March 31st, 2020 following years of dedicated contribution to the development and growth of the company. “Takentogether, Mohga, Hassan, and Amr represent decades of service to Egytrans,” said Leheta “and Egytrans has benefited enormously from the expertise and wisdom of these outstanding board members. They all played key roles in guiding Egytrans to our current position of stability and growth and we are enormously grateful for their support during such a critical time.”
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AboutEgyptian Transport and Commercial Services Company (Egytrans):
The Egyptian Transport and Commercial Services Company(Egytrans) is a leading integrated transport and logistics company with a comprehensive portfolio of services in Egypt. With experience dating back to 1939, the company was established in 197 under the name Egytrans. It has since developed a number of subsidiary and affiliate brands consisting of Egytrans Depot Solutions (EDS), Egyptian Transportation& Logistics S.A.E. (ETAL), Wilhelmsen Ships Service Egypt and ScanArabia. Working across 9 branches inEgypt, the mission of Egytrans is to make integrated transport easy, safe and cost-effective. Egytrans enables and facilitates global and national supply chains through its extensive range of services including Sea Freight, AirFreight, Land Transport, Customs Clearance, Project Logistics,Exhibitions, and Storage. Egytrans employs around 350 employees across its operations in Egypt and is publicly traded on the Egyptian Stock Exchange (EGX)as [ETRS.CA] for Reuters and [ETRS EY Equity] for Bloomberg. For more information please visit: ir.egytrans.com
ForwardLooking Statements
Statements contained in this document that are not historical facts are based on current expectations, estimates, projections, opinions and beliefs of Egytrans. Such statements involve known and unknown risks, uncertainties and other factors; undue reliance should not be placed thereon. Certain information contained herein constitutes “targets” or “forward-looking statements,” which can be identified by the use of forward-looking terminology such as “may,” “will,” “seek,” “should,” “expect,” “anticipate,” “project,” “estimate,” “intend,” “continue” or “believe” or the negatives thereof or other variations thereon or comparable terminology. Actual events or results or the actual performance of Egytrans may differ materially from those reflected or contemplated in such targets or forward-looking statements. The performance of Egytrans is subject to risks and uncertainties. Various factors could cause actual results to differ materially from those expressed or implied by the forward-looking statements in this document including worldwide economic trends, the economic and political climate of Egypt, the Middle East and changes in business strategy and various other factors.
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