17957
Saipa CEO Replaced
Economy, Auto

Saipa CEO Replaced

The CEO of Saipa, Iran's second largest carmaker, has been replaced after three years, IRNA reported on Friday. Saeed Madani was replaced by Mehdi Jamali during a ceremony in Tehran. Madani's successor has formerly held positions as the CEO of Bank of Industry and Mine's leasing company, the Civil Servants Pension Organization and Iran Khodro Investment Company to name a few. The shock dismissal of the former Saipa head comes amidst large changes in the company's approach to the auto industry. Madani has been the CEO of Saipa Corp. since 2012 and oversaw the company's implementation of the Saipa Tiba, the group's 'replacement' for the much maligned Saipa Pride. Last week, the former head opened new production lines of the Brilliance H230 and H330 hatchback and sedan cars. Car forums are currently questioning the sudden change as part of the company's wider policy of preparing itself for greater cooperation with foreign automakers. 

Short URL : http://goo.gl/D9eVX0

You can also read ...

US Pressuring German Firms ‘Daily’ Over Iran Sanctions
Washington’s ambassador in Berlin has been pressuring German...
Iran and the Eurasian Economic Union signed a three-year provisional agreement on May 17 for the bloc to welcome Iran into the EEU Free Trade Zone.
The Eurasian Economic Commission Council approved the roadmap...
India in Touch With All Stakeholders on Iran Sanctions
Following fresh US sanctions on Iran over its nuclear program...
Google Defends Gmail Data Privacy Policy
Alphabet Inc’s Google gave details about its policies for...
Arrest Over Afghan Forex Smuggling
A man has been arrested for smuggling $38,000 from Afghanistan...
Crypto Trading Continues to Decline Since CBI Ban
Cryptocurrency transactions in Iran have significantly...
IRICA: Gold, Forex Imports Not Smuggling
The import of foreign currency does not amount to smuggling...
Copper Concentrate Output Sees 12% Growth
Major Iranian copper producers produced 488,859 tons of copper...

Trending

Googleplus