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Avgol appoints Shachar Rashim as new CEO

Avgol, Manufacturer of high performance non-woven fabric solutions for the fabric for the Hygiene market and subsidiary of Indorama Ventures Plc. has announced the appointment of a new chief executive officer, Shachar Rashim. Rashim was earlier member of the senior management team at Avgol, having served as CFO and deputy CEO earlier.

David Meldram who is the current CEO will be stepping down on 31st September 2018 after serving the company for four years.

"We are very excited by the appointment of Shachar Rachim as Avgol's CEO," said Uday Gill, CEO of the fibres division at Avgol's parent company, Indorama Ventures. "We are confident that he brings extensive experience, capabilities and leadership that will take Avgol forward to materialise its promising strategic position and achieve long-term profitable growth as a key member of the Indorama Ventures group."

"My appointment comes at a crucial time for Avgol as the company takes its new dynamic innovation strategy forward," said Rachim.

"Avgol has its sights on revolutionising the nonwovens industry with its FIT strategy which represents the company's commitment to harnessing its expertise to anticipate the needs of consumers and create high-performance technologies for the baby diaper, adult incontinence and feminine hygiene markets," he added. (PC)

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