Did the CEO of ADQ step down?
Seifollah (Seifi) Ghasemi, who served as CEO for over 10 years, was not ousted but rather left the company following a planned leadership transition. The Board of Directors appointed Eduardo F. Menezes as the new CEO effective February 7, 2025. Ghasemi’s departure was marked by recognition from the company for his decade of leadership and contributions, and the transition to Menezes was presented as part of the company's forward-looking strategy.
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