Sat 06-05-2017 16:01 PM
ABU DHABI, 6th May, 2017 (WAM) -- Strata Manufacturing PJSC (Strata), the advanced composite aero-structures manufacturing facility wholly owned by Mubadala Investment Company, today announced that Ismail Abdulla has been appointed as Chief Executive Officer, effective immediately.
Ismail Abdulla served as Deputy CEO, and replaces Badr Al-Olama, as CEO of Strata who has been in the role since 2012. Al-Olama recently returned to the newly formed Mubadala Investment Company as the head of the Aerospace sector, where he will be responsible for a portfolio of high-tech manufacturing and services businesses which include Strata and Turbine Services and Solutions.
"This is a landmark moment for both Strata and Mubadala, as the aerospace sector continues to be one of the most prestigious and prosperous industries in the UAE, supporting the drive to create a knowledge based and sustainable economy," said Khalid Al Qubaisi, in his capacity as the newly appointed Chief Executive Officer, Aerospace, Renewables and ICT business platform, Mubadala Investment Company. "Badr Al-Olama has been an outstanding leader at Strata, establishing the business as a crucial aero-structures manufacturer for the global aviation ecosystem, a legacy that will continue under the guidance of Ismail Abdulla."
Commenting on the announcement, former CEO Badr Al-Olama, said, "I am extremely proud to have Ismail Abdulla succeeding me in Strata, and I am confident that he will drive the company towards greater achievements and successes over the next phase of the company’s growth. Strata, as many have come to know, has played an important role in building a business, a sector, and an ecosystem for the city of Al Ain. The future resides on this strong foundation to drive Strata’s global competitiveness towards becoming one of the world’s leading aero-structure manufacturers."
Ismail Ali Abdulla, the new CEO of Strata, said, "It is a great honor to continue the tremendous work of Badr Al-Olama in Strata’s emergence as leading global aero-structures manufacturing business and a central representative of Abu Dhabi’s economic diversification story. Building on the strong platform of an emerging aerospace ecosystem in Al Ain, our deep relationship with the industry’s leading OEMs, a rich Emirati talent base, and an efficient supply chain at a local, regional and international level, Strata is ready for its next phase of growth."