EGA appoints new supply chain boss
Simon Storesund to take on newly-created position of chief of supply chain and business development officer as the company targets strategic procurement and responsible sourcing
Emirates Global Aluminium has appointed Simon Storesund to the newly-created position of Chief Supply Chain & Business Development Officer.
The largest industrial company in the United Arab Emirates outside of the oil and gas sector says the move is line with an increased focus on strategic procurement and responsible sourcing.
Storesund joins EGA from Norsk Hydro where he currently holds the position of SVP and head of commercial &and business development in the Bauxite & Alumina business area.
He will report to EGA’s CEO Abdulnasser Bin Kalban and will be a member of the company’s executive committee, and brings more than 30 years of experience in the aluminium industry, mainly in leadership roles within the areas of sales, trading and procurement.
“EGA spends billions of dollars every year on the goods and services we need. Our demand creates opportunities for new companies and industries to supply us, further contributing to economic growth in the countries where we operate,” said Abdulnasser Bin Kalban, CEO, EGA. “We also expect those goods and services to be made responsibly, to the environmental, social and governance standards our stakeholders expect. I welcome Simon Storesund to EGA and to this important new role for our company.”
EGA also revealed in a statement that it spent over $3.9 billion procuring goods and services in 2020, with more than $1.7 billion spent in the UAE and the Republic of Guinea, where the company has operations. It is aiming to double its absolute contribution to the economy in the countries where it operates by 2040, “partly through increasing strategic procurement and spurring the development of new supply industries”.
Last month EGA joined the Ministry of Industry & Advanced Technology’s In-Country Value Programme, which aims to increase the proportion of goods and services UAE companies procure locally and contribute to the achievement of the Operation 300bn strategy to grow UAE industry.
EGA aims to be measured amongst the world’s most responsible metals and mining companies, with strong environmental, social and governance performance both in its own operations and activities the company generates in its supply chain.
