Speaking at a ceremony introducing new CEOs of subsidiary companies, Shariatmadari outlined the company’s roadmap. The event was attended by senior executives and the newly appointed CEOs of production subsidiaries. He called on the new leaders to align their efforts with the group’s long-term objectives.
Expressing gratitude to outgoing executives, he stressed that the vitality of any organization depends on acknowledging the contributions of predecessors. “Those honored today all played a constructive role in advancing Iran’s petrochemical industry,” he noted.
Shariatmadari also criticized past privatization practices in the petrochemical sector, warning new managers of the importance of forward-looking strategies. “Foresight means making decisions based on predictions of the industry’s future. Before producing a product, we must carefully assess its future market. Unfortunately, poor privatization fragmented Iran’s petrochemical sector, leading to unplanned growth in certain products,” he said.
Highlighting the importance of the value chain and added-value production, Shariatmadari urged managers to monitor regional and global competitors closely and pursue localized strategies that enhance value creation.