Coca-Cola in Saudi Arabia Coca-Cola in Saudi Arabia - Olayan Group

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10 Inside Olayan In conjunction with its 50th Anniversary, The Olayan Group held a series of celebrations in six cities on three continents to honor its exceptionally dedicated, multinational work force. The New York office kicked off the program at the end of 1997, and events followed in Athens, Al-Khobar, Jeddah, Riyadh and lastly, in November 1998, London. Bashir Ahmed, the Group’s longestserving member after its founder, presents Khaled Olayan, left, with his 20-year award. Bashir Ahmed, who is from the Sudan, has been with the Group since 1959, all of that time with General Contracting Company, the original Olayan enterprise. In a message to employees inaugurating the Employee Recognition Program, Group Chairman Suliman Olayan stated: “Fifty years ago, I embarked on a journey and was fortunate enough to have several able and dedicated people accompany me. That journey has taken me far, and today there are a lot more people involved in the enterprise. But I have never lost sight of the fact that you and your fellow employees have made the journey possible and have helped propel The Olayan Group to where it is today. Just as importantly, we depend upon you to identify new paths for our organization and to guide us forward along them. Employee Service Celebrated Accounts Assistant Ghazala Qureshi accepts her five-year award from John Dunbar, managing director of Olayan Europe Ltd., at a celebration held last November at the Tower of London. Gabriel Saba, vice president of Olayan Investments Company Establishment, left, receives his 30-year award from Group President Aziz Syriani in Athens. No matter what position you personally hold, you are vital to the overall success of the journey and to our reaching every milestone along the way.” Out of a total eligible work force of 3,310 from 25 Olayan companies, 1,427 employees, or 43 percent, received awards for five or more years of service. More than 20 percent received awards for 10 or more years of service and 5 percent for 20 or more years. Eighteen employees were honored for having reached the 25-year milestone, eight for reaching 30 years, and one for reaching 35. That is a remarkable record, considering that the average U.S. corporation currently loses about half its Alice Fontaine, the longestserving member of Olayan’s New York team, has been a special assistant to the Group Chairman’s Office for more than a quarter century. employees every four years, according to one widely cited estimate. Recognizing an exceptionally loyal work force, Mr. Olayan told employees, “We will continue to depend upon you as we move forward to take up the challenges of the new century. Those challenges are many and diverse, but, with your continued dedication, all is possible. I am confident that our Group will achieve even greater success in the years ahead.”
Animal Magnetism Senior Management Changes (L–R) Kelsey Burns, Jake Burns, and Carl Fusco spend quality time with an Australian wallaby. Offspring of employees at Olayan America Corporation got up close and personal last December with a number of “exotic” animals rarely seen in the Big Apple. It was all part of the Annual Children’s Holiday Party, held at the company’s Park Avenue office. Both animals and children scurried through the premises, and all strays were safely recovered. Realtors Battle Sizzlers in Basketball Final Nine companies participated in the first Inter-Olayan Basketball Tournament last summer at the Al-Bustan residential complex in Al-Khobar. The home team, the Al-Bustan Realtors, won the championship, while the youthful, crowdpleasing Burger King Sizzlers came in second. The Coca- Cola Bottlers defeated the GCC Turbo Chargers for third place. Burger King’s Edward Torres was judged the most valuable player, while the Xerox Duplicators were a unanimous choice for the sportsmanship award. Other teams in the tournament, held from April 30 to July 9 and organized by the Group’s Human Resources Department, were the AMCO Metals, GTC Leone Tea Traders, Olayan Kimberly-Clark Super Trims, and VETCO Inspectors. OSHCO Chairman Khaled Olayan, President Clive Minto and then Group Vice President of Human Resources Amr Al-Taher were all on hand at the awards ceremony. Akram Hijazi After 30 years of service to The Olayan Group, including more than 20 as chief financial officer, Akram Hijazi relinquished his day-to-day duties at the end of July 1998. However, he remains on the Board of Directors and continues to counsel the Group as a consultant. In announcing the change, Group President Aziz Syriani said, “Akram’s achievements over an extraordinary career will serve The Olayan Group well into our second 50 years... While he will be missed, it is good to know that we will continue to benefit from his association with us in his new role.” During Akram’s tenure as CFO, the Group experienced extraordinary growth, averaging 23 percent per year over the past quarter century. “The results, both qualitative and quantitative, speak for themselves,” said Syriani. The CFO functions, located in Athens, have been reassigned to four OICE vice presidents. Roger Fipps has accounts, finance, control and risk management. Sari Sahyoun and Nadim Tabbara co-manage fixed income investments, including foreign exchange and derivatives. Makram Musallam continues to handle the treasury function. Abdallah Al-Mouallimi With expanded duties in the public domain, Abdallah Al-Mouallimi has stepped down as vice chairman of Olayan Financing Company (OFC). While he has relinquished his day-to-day responsibilities, he remains closely affiliated with the Group as a member of the Executive Committee of both OFC and OSHCO and as managing director of The Coca-Cola Bottling Company of Saudi Arabia. In addition, he serves in a significant senior liaison function in the important Olayan-Bechtel relationship. The change occurred in the wake of Abdallah’s appointment in mid-1997 to the Majlis Al-Shura or national consultative council and, in April 1998, to the Board of the newly created Saudi Telecommunications Company. He has served The Olayan Group since 1987, following 10 years as general manager of the Aluminum Products Company Ltd. 11
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Coca-Cola in Saudi Arabia Coca-Cola in Saudi Arabia - Olayan Group

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