Future Group : addressing tomorrow today
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"The preservation and growth of assets and resources
through profitable entrepreneurial undertakings that
serve the communities in which we operate and
unfailingly maintain the integrity of the Group and the Makhzoumi family.
Future Group was established in 1981 and over the past decades has evolved from a regional concern to a truly global entity.
Headquartered in Dubai with offices in London and New York and business hubs worldwide, Future Group today is a holding company that oversees 30 privately held companies across four core sectors spanning five continents. Under the Group's leadership those companies now employ over 5000 people and had a collective turnover of nearly USD$1 billion in 2009.
Since its inception Future Group has realized its vision through greenfield ventures and acquisitions as well as vertical and horizontal integration. The Group's network of subsidiary businesses now embraces a wide variety of sectors entrepreneurially serving multiple communities.
Future Group has three core segments; Operating Businesses, The Investment Group and The Family Office. The corporate leadership team at Future Group has direct responsibility for the supervision, governance and strategic support across all three. The team's fundamental ethos is to lead through others. This philosophy has been translated into a unique structure and process of cross-functional expertise. It has evolved into the leveraging of a multitude of talent across the divisions to better achieve collective goals and implement strategies.
We believe that our people are our greatest asset. We pride ourselves on attracting and retaining world class leaders to help realize our Vision and continue to build upon our success. Selecting those who share our vision and represent the best of breed in management and workforce, has catapulted us into a highly dynamic enterprise with both global reach and impact. Within Future Group we strive to secure not just the leaders of today, but to invest in those who will lead us tomorrow.
Fouad M. Makhzoumi
Mr. Fouad Makhzoumi has both an undergraduate and Masters Degree in Chemical Engineering from Michigan Technological University.
In 1984 Mr. Makhzoumi founded Future Pipe Industries with other investors and has been actively involved in the management and development of the business ever since. He became Chief Executive Officer in 1986 and in 2003 his son, Rami Makhzoumi, assumed the role.
Between 1995 and 1997, Mr. Makhzoumi served as acting President of the International Desalination Association and he has been a member of the International Board of the Council on Foreign Relations: US/Middle East Project since 1996. From 1995 until 1998, Mr. Makhzoumi acted as Vice Chairman of the Institute for Social and Economic Policy in the Middle East at the John F. Kennedy School of Government at Harvard University. In 1997 Mr. Makhzoumi founded the Makhzoumi Foundation, a private Lebanese non-profit organization that contributes through its vocational training, health care and micro-credit programs to Lebanese civil society development.
Mr. Makhzoumi has been Executive Chairman of Future Pipe Industries since 2003.
Rami F. Makhzoumi
Mr. Rami Makhzoumi received his Bachelors of Science Degree in Business Studies from the University of Buckingham in 1998 and in 2003 he achieved the Young Professional Program Executive Diploma from the London Business School.
In January 1999 he assumed the role of Group Vice - President, Business Development for Future Pipe Industries. In 2001, he became the Chief Operating Officer of the company until October 2003 when he was appointed President and Chief Executive Officer.
Rami Makhzoumi has led the drive to change the organization from within by launching a group-wide restructuring effort known as “The Evolution and Revolution” Strategic Initiatives. Since his appointment, he has managed to expand the business into new segments and territories, and has more than tripled the sales of the group. He has grown the bottom line at even higher rates, by virtue of his migration of the Group into a Global Operating Model, and the application of innovative management techniques.
He is currently a lifetime member of the Institute of Directors UK, a member of the Arab-Deutsche Chamber of Commerce, a member of the International Desalination Association, and is a member of the Council on Foreign Relations. In addition, Mr. Makhzoumi serves as a Regional Board Member of the Young Arab Leaders and is also a member of the Young Presidents’ Organization. Mr. Makhzoumi is a featured speaker at numerous Family Business Forums, Regional Leadership conferences, as well as on Socio-Economic based programs. In addition to his business posts he also sits as Vice-President of the Makhzoumi Foundation, a philanthropic organization, based in Lebanon, which through its vocational, micro-credit, health and awareness programs has seen over 75,000 beneficiaries.
Dr. Omar Ashur
Dr. Omar Ashur completed his undergraduate education in Physics at the American University of Beirut and also holds an MBA in Finance, an MA in Business Economics and a PhD in Business Economics from the Wharton School of Business at the University of Pennsylvania.
He joined Future Pipe Industries, part of the Future Group, in 1995 as a Group Vice President of Finance and in 2000 he was appointed Executive Vice President of Gulf Eternit Industries. Following that, in 2003, Dr. Ashur became the Chief Financial Officer (CFO) where he was responsible for leading and directing all of the Group's financial activities.
Prior to joining Future Pipe Industries, Dr. Ashur held various leadership positions with Petrogas (UK) Limited, Anglokindom (UK) Limited, and Mediterranee Investors Group SA.
Dr. Omar Ashur took up his current position of Chief Financial Officer of the Future Group in July 2009 and he continues to serve on the Board of Future Pipe Industries Group as Non-executive Director.
Michael N. Dakin
Michael N. Dakin joined the Future Group (FG) in August 2009 in the capacity of Chief Legal Officer (CLO). In this capacity, Mr. Dakin is responsible for directing all of the Group's legal activities.
Prior to joining the Future Group, Mr. Dakin was a Partner of Clifford Chance, one of the world's leading and largest law firms where he worked with FG for nearly two years as an external legal advisor to Future Pipe Industries and the Future Group prior to his appointment as CLO.
Mr. Dakin began his career in law as an associate with U.S. law firm Cahill Gordon & Reindel before he moved to Clifford Chance in 2005 to become a partner. He earned a Bachelor of Arts Degrees in Political Science and Economics from Tufts University and graduated (cum laude) from the Fordham University School of Law with a Juris Doctorate. Michael is a Member of the New York and Massachusetts (inactive) bars.
Claudio Villa
Claudio Villa is the CEO of the investments division of Future Group. With over 15 years of experience in investment banking, working for UBS and Deutsche Bank, Mr. Villa has been with FG since January 2009.
During his career, Mr. Villa has advised on over US $30bn of equity and debt transactions for US, European and Middle East clients. With extensive transaction experience, Mr. Villa has worked across a range of sectors such as Financial Institutions, Utilities, Telecom and Technology. At Deutsche Bank, he was recently responsible for the execution of equity transactions in the Middle East.
Mr. Villa holds a Bachelors Degree in Mathematics and Management and a Masters degree in Finance from the University of London.
Mazen Turk
Mr. Mazen Turk joined the Group in 2003 as the General Manager of Future Pipe Industries’ Gulfport Mississippi manufacturing facility where he was instrumental in getting the business unit started despite the setbacks posed by Hurricane Katrina. He was subsequently promoted to the position of Vice President of Business Development for the US operations based out of Washington DC and moved to Dubai in 2008 in the capacity of Vice President for Future Group.
Mr. Turk holds a Bachelors and a Masters degree in Civil Engineering from the University of West Virginia. He recently completed an intensive investor relations program at the IR Society in the UK and has received their Certificate in Investor Relations.
Prior to joining the Group, Mr. Turk spent eight years as a consultant engineer involved in the planning, design and execution of civil engineering projects in the United States and the Middle East, for both the public and private sectors.
The Future Group has divisions and subsidiaries in a wide range of different industries ranging from manufacturing and engineering services to luxury goods and real estate development. Please find herewith an overview of the industries we represent.
Future Industrials is the industrial arm of the Future Group and its primary subsidiary is the Future Pipe Industries Group (FPI).
FPI was established in 1984 and is the global leader in the fiberglass pipe industry, designing, manufacturing, and supplying fiberglass pipe systems for customers throughout the world. Headquartered in Dubai, the company’s operations include nine factories and a global network of sales offices across four continents.
FPI serves more than 300 customers in over 50 countries across the oil & gas, water and industrial sectors. Due to its global reach and strategic locations, FPI is positioned to take advantage of the increased demand for fiberglass pipe worldwide.
As the manufacturer of the world's most comprehensive portfolio of fiberglass pipe systems with diameters as large as four meters, FPI has successfully promoted fiberglass as a strong substitute to pipe systems fabricated with traditional materials. This is in line with the Group’s mission to maintain global leadership in the fiberglass pipe industry and be recognized as the pioneer in the conversion of world pipe demand into fiberglass.
For more information please visit www.futurepipe.com
To view the biographies of the Executive Team at Future Pipe Industries Group please click here
Rami F. Makhzoumi
Mr. Rami Makhzoumi received his Bachelors of Science Degree in Business Studies from the University of Buckingham in 1998 and in 2003 he achieved the Young Professional Program Executive Diploma from the London Business School.
In January 1999 he assumed the role of Group Vice - President, Business Development for Future Pipe Industries. In 2001, he became the Chief Operating Officer of the company until October 2003 when he was appointed President and Chief Executive Officer.
Rami Makhzoumi has led the drive to change the organization from within by launching a group-wide restructuring effort known as “The Evolution and Revolution” Strategic Initiatives. Since his appointment, he has managed to expand the business into new segments and territories, and has more than tripled the sales of the group. He has grown the bottom line at even higher rates, by virtue of his migration of the Group into a Global Operating Model, and the application of innovative management techniques.
He is currently a lifetime member of the Institute of Directors UK, a member of the Arab-Deutsche Chamber of Commerce, a member of the International Desalination Association, and is a member of the Council on Foreign Relations. In addition, Mr. Makhzoumi serves as a Regional Board Member of the Young Arab Leaders and is also a member of the Young Presidents’ Organization. Mr. Makhzoumi is a featured speaker at numerous Family Business Forums, Regional Leadership conferences, as well as on Socio-Economic based programs. In addition to his business posts he also sits as Vice-President of the Makhzoumi Foundation, a philanthropic organization, based in Lebanon, which through its vocational, micro-credit, health and awareness programs has seen over 75,000 beneficiaries.
Imad Makhzoumi
Mr. Imad Makhzoumi completed his undergraduate studies in Civil Engineering and Water Resource Management at the University of Southern California in the United States and holds a diploma in Business from McGill University in Canada.
Earlier in his career, Mr. Makhzoumi spent several years in the pipe business in the USA and Canada working through various disciplines, departments and ranks.
Mr. Makhzoumi joined Future Pipe Industries in 1989 as an Engineer. In 1994, he assumed the role of Vice President of Sales and Marketing for the UAE and became Regional Vice President of Sales and Marketing for the GCC and Asia in 2005. In his current role as the Senior Vice President for Group Sales & Marketing, he is responsible for leading the global sales and marketing team to ensure the Group’s global revenue and market share targets are met.
In addition to his role as Senior Vice President for Group Sales and Marketing, Mr. Imad Makhzoumi was appointed Chief Operating Officer (COO) for Future Pipe Industries Group in February 2009. In this role he is responsible for directing all of the company’s operational and commercial activities for the four key functions of the company, namely Manufacturing, Sales & Marketing, Technical and Engineering Developments and Supply Chain Management, as well as the Country Heads.
Hafiz Ladha
Mr. Hafiz Ladha joined Future Pipe Industries Group in 2005 in the capacity of Corporate Strategy and Planning Officer and was promoted to Chief of Corporate and Strategic Affairs in 2008. In this role he was responsible for developing and driving the corporate strategy and vision of FPI.
He was promoted to Chief Financial Officer of the Group in June 2009 and in his current capacity Mr. Ladha is responsible for directing all of the company's financial activities reporting to the President and CEO.
Mr. Hafiz Ladha holds a Bachelors degree in Systems Design Engineering and a Minor in Management Sciences from the University of Waterloo in Canada as well as an MBA specializing in Finance from the London Business School.
Prior to joining FPI, he gained extensive experience in consulting, finance and industry within a number of multinational organizations including Proctor and Gamble, Kraft Foods, Banc of America Securities and Deloitte & Touche LLP.
Future Engineering is the Group’s specialist engineering services division. Its primary subsidiary, ENOIA, is an integrated engineering services company providing world class environmental studies, engineering services and project management across a broad spectrum of sectors including civil, infrastructure, oil and gas, and industrial.
ENOIA
ENOIA has provided consultancy, project management, process design, basic and detailed engineering, and supervision services to the oil and gas and petrochemical industries since 1987 and has offices in the Middle East and Greece. Typical projects include both upstream and downstream such as GOSP, oil and gas pipelines, refineries, storage depots, loading terminals, and other facilities and sites.
For more information please visit www.enoia.eu
Dynaflow International Inc.
Dynaflow International specializes in the design and engineering of pipe systems. Its services include complete pipe system design, stress & flexibility analysis, surge analysis & hydraulic calculations, support design for above ground systems, finite element analysis (FEA), dynamic & static analysis, and vibration prediction & control.
For more information please visit www.dynaflowinternational.com
Dionissis Davios
Dionissis Davios is the Co-Founder and Managing Director of the ENOIA Engineering S.A. which was established in 1987. He is also Partner and Managing Director of the EMEA Engineering Group.
Mr. Davios has over 28 years of international experience in major industrial projects, mainly in the Oil & Gas and Hydrocarbons Processing Industry. Prior to founding ENOIA, he worked for seven years as a Process Engineering/Coordinator at a Foster Wheeler affiliated company and was a Project Manager for major industrial projects.
Dionissis Davios is a graduate from the Institute of Petroleum and Gases in Romania and holds a Masters of Science degree in Chemical Engineering. He is a Member of the Association of Chemicals Engineers and of Technical Chamber of Greece.
Future Realty is the real estate and construction management arm of the Group. Its mission is to develop innovative real estate investment and development opportunities that provide at their core a purposeful functionality while aesthetically elevating their host communities.
The primary services provided by Future Realty include:
Antoine Habib
Antoine Habib is the Executive President of Future Realty SAL, part of the Future Group, responsible for managing all real estate projects under development in Lebanon and abroad.
Prior to joining FG in October 2008, Mr. Habib spent more than twenty years with Future Pipe Industries, part of the Future Group both in Dubai and in Lebanon. He joined in 1987 as Vice President Sales and Marketing for Gulf Eternit Industries, the Group’s first factory in Dubai and moved to Lebanon in 1995 to manage Future Pipe Industries’ expansion into the country. In his capacity of Executive Vice President, he managed the establishment and developed new markets in the Levant Area and Europe. In 2003 he took over as Regional President for Europe, the Middle East, Africa and Russia in charge of the Group’s plants in Lebanon, Egypt and The Netherlands.
In addition to his current position as Executive President of Future Realty SAS, Mr. Habib holds the role of Future Pipe Group Consultant for Business Development and serves as a Board Member of the EMEA Engineering Group, part of FG.
Mr. Habib holds a Bachelors Degree in Economics from the Saint Joseph University in Beirut, Lebanon, is a Board Member of the Lebanese Dutch Business Association, a member of the Lebanese Industrialist Association and the Lebanese Economic Forum and is also a member of the IDA, the International Desalination Association).
Future Investments is the investment arm of the Group. Its mission is to preserve and enhance the Family's assets via investments in areas outside their traditional key operating lines under the following guidelines:
Future Investments is active globally, but focuses primarily on sectors wherein the Group has expertise and a track record including:
Unique opportunities outside these core sectors will also be considered. The Group's rational for investments can either be IRR driven or be undertaken for strategic reasons. All investments undertaken must conform to the Family's values and vision. Investments are implemented in accordance with the principles of Shari'a law.
The development of an effective business strategy has grown from the Family's experience and has resulted in an impressive track record and remarkable growth.
Claudio Villa
Claudio Villa is the CEO of the investments division of Future Group. With over 15 years of experience in investment banking, working for UBS and Deutsche Bank, Mr. Villa has been with FG since January 2009.
During his career, Mr. Villa has advised on over US $30bn of equity and debt transactions for US, European and Middle East clients. With extensive transaction experience, Mr. Villa has worked across a range of sectors such as Financial Institutions, Utilities, Telecom and Technology. At Deutsche Bank, he was recently responsible for the execution of equity transactions in the Middle East.
Mr. Villa holds a Bachelors Degree in Mathematics and Management and a Masters degree in Finance from the University of London.
Maximilian Bak
Maximilian Bak joined the Future Group in April 2009 as a Manager in the Investments Division.
Prior to joining Future Group, Maximilian worked in Equity Capital Markets and Mergers & Acquisitions at Deutsche Bank and UBS respectively. During his career in investment banking, he worked on a variety of transactions spanning across a wide spectrum of sectors and regions.
Maximilian holds a Masters degree in Finance and a Bachelors degree in International Economics & Management, both from Bocconi University in Milan, Italy.
Future Luxury is the fashion and luxury goods arm of the Group, committed to providing high quality luxury goods with a difference. Its mission is to build a ‘tastemaking’ portfolio and to contribute its own contemporary flavor to the world of luxury goods and services.
Future Luxury's aim is to provide and invest in new brands and products as well as innovative technologies for the luxury customer of today and tomorrow. It is not necessarily about investing in mega-brands; its emphasis is placed on finding niche players who offer new brands, products and services to either the traditionally wealthy or the new and upcoming luxury consumer.
One of its first ventures is Guilty Brotherhood, a luxury prêt-a-porter fashion house founded by young and gifted Parisian designer Kevork Kiledjian. With headquarters based in New York and Paris, Guilty Brotherhood exemplifies and fuses the pulse of the modern city and the desires of the modern woman in a leitmotif that is both cosmopolitan and individualistic. Collections are available in select stores worldwide spanning the globe from New York, Los Angeles, Milan, Monte Carlo, and Vienna to Hong Kong, Moscow, Sydney, and Tokyo.
Guilty Brotherhood's Flagship Store is due to open in Paris in Q1 2011 and will be located on one of the world most prestigious luxury streets, Rue St Honore. The store is being designed by one of the world's most renowned Architects, Jean Nouvel.
Rami F. Makhzoumi
Mr. Rami Makhzoumi received his Bachelors of Science Degree in Business Studies from the University of Buckingham in 1998 and in 2003 he achieved the Young Professional Program Executive Diploma from the London Business School.
In January 1999 he assumed the role of Group Vice - President, Business Development for Future Pipe Industries. In 2001, he became the Chief Operating Officer of the company until October 2003 when he was appointed President and Chief Executive Officer.
Rami Makhzoumi has led the drive to change the organization from within by launching a group-wide restructuring effort known as “The Evolution and Revolution” Strategic Initiatives. Since his appointment, he has managed to expand the business into new segments and territories, and has more than tripled the sales of the group. He has grown the bottom line at even higher rates, by virtue of his migration of the Group into a Global Operating Model, and the application of innovative management techniques.
He is currently a lifetime member of the Institute of Directors UK, a member of the Arab-Deutsche Chamber of Commerce, a member of the International Desalination Association, and is a member of the Council on Foreign Relations. In addition, Mr. Makhzoumi serves as a Regional Board Member of the Young Arab Leaders and is also a member of the Young Presidents’ Organization. Mr. Makhzoumi is a featured speaker at numerous Family Business Forums, Regional Leadership conferences, as well as on Socio-Economic based programs. In addition to his business posts he also sits as Vice-President of the Makhzoumi Foundation, a philanthropic organization, based in Lebanon, which through its vocational, micro-credit, health and awareness programs has seen over 75,000 beneficiaries.
Chairman Fouad M. Makhzoumi believes strongly that it is important for the Group to work towards the empowerment of society by getting involved with the community. The Family put this belief to work and created The Makhzoumi Foundation in Lebanon in 1998.
The Makhzoumi Foundation
The Makhzoumi Foundation was established with the aim of contributing through its programs to the development of the civil society. It works towards the Evolution of the Lebanese Civil Society, Enhancement of the Potentials of Lebanese Human Resources, Enforcement of Self-Responsibility & Independence, Emphasizing the Importance of Environmental Preservation, Encouraging the Quest of Education and Encompassing Good Health Care.
The Group spearheads welfare efforts in Lebanon through a range of well thought out philanthropic activities that support humanitarian causes, and provides services through different programs: The Civic Centers Training Program, The Micro Credit Program, The Health Care Program, The Awareness Program and Agriculture/Environment Program.
The Foundation is well known for work done towards the welfare of Lebanese families and its emphasis on programs that lead to higher income and better social welfare for the beneficiaries. The Micro Credit Program is an outstanding example, having been launched to help underprivileged Lebanese families start, or expand, small businesses through Micro loans made available on the basis of their character and sound planning rather than financial collateral.
Up to date the program has disbursed loans with a cumulative of nearly $4,000,000 covering over 4500 loans contributing to the improvement of the beneficiaries’ economic status. The Foundation is a member of SANABEL which is a membership-driven regional network created in 2002 to serve microfinance institutions in the Arab world. Also, the Foundation publishes its information on the Mix Market platform and has been awarded a 2-Diamond Certificate of Transparency since joining in 2008.
The Makhzoumi Foundation also operates training and civic centers in which thousands of Lebanese citizens are provided with subsidized training in different specialties; Computer and Internet Skills, Languages, Beauty, Vocational, Various Administrative and Accounting Courses, as well as Arabic literacy, in addition to occasional courses and workshops. The Foundation's certificates are accredited by Microsoft and it is a member of the Microsoft IT Academy Program and a Microsoft Office Specialist Authorized Testing Center. In addition, Makhzoumi Foundation has become an approved ETS Certified Test Administration Site for TOEFL iBT.
Makhzoumi Foundation is also accredited by LCCI (The London Chamber of Commerce and Industry) which provides International Qualification Diplomas that include courses in Business Administration, Managerial Principles, Marketing and Management, Accounting and Secretarial Studies.
Government bodies, the Internal Security Forces of Lebanon, the Republican Guards, the National Council for Social Security, and Civil Society have taken advantage of this opportunity to train their personnel in computer techniques and in the English Language. Over 80,000 certificates have been issued contributing to the enhancement of the beneficiaries skills.
The Awareness Program aims at disseminating information and knowledge and raising awareness on issues of public concern at mobilizing potentials and building capacities through implementation of different projects on Democracy and Human right issues in partnership with local and international bodies. To date, 21,500 Lebanese citizens of different categories and ages have benefited from the program.
The Agriculture/Environment Program aims to preserve and care for the Environment, the Sustainable Agriculture and the Management of Natural Resources in a way that ensures that their benefits are also available in the future. This program includes several activities and projects with a view of protection, preservation and improvement of the environment and the agricultural sector in the country. 3400 citizens benefited from the program (Farmers-students-women) in 170 locations (Municipalities-NGOs-Regions, Schools), and 135,500 trees were distributed from 2002 till date.
The Health Care Program aims at creating a healthcare network providing Lebanese citizens with medical care at the least possible cost. In addition, the Foundation’s Health Clinics provide medical checkups, laboratory tests, X-rays & ultrasounds, mammography, instant diabetes tests, blood type tests, children vaccines and maternity social services, as well as the Foundation’s pharmacy that provides medicines at subsidized prices.
The Makhzoumi Foundation Inc. USA.
The Makhzoumi Foundation Inc. USA., the American wing of the Group’s charitable activities, supports the Makhzoumi Foundation by promoting it in North America and raising funds for its different programs and activities.
For more information please visit www.makhzoumi-foundation.org
Mrs. May Makhzoumi
Mrs. May Makhzoumi is the President of the Makhzoumi Foundation, which was established in 1998 with the aim to create opportunities for the people of Lebanon. The Foundation spearheads welfare efforts in Lebanon through a range of well thought out philanthropic activities that support humanitarian causes, provide educational and vocational training, and offer financial assistance to young entrepreneurs - all aimed at creating social wealth and capital for the community.
In 1975, May Makhzoumi earned a Bachelor of Science degree in Pharmaceutical Sciences from the American University of Beirut (AUB) and got married the same year to Mr. Fouad Makhzoumi. She started her career as a Pharmacist and worked in Beirut, Lebanon and Riyadh, Saudi Arabia.
In addition to her role as the President of the Makhzoumi Foundation, May Makhzoumi also holds the position of Chairperson for Future Management Services in London, she serves as a Member of the Board for a number of companies and is the Director of the Residents Association of buildings in both London, UK and Beirut, Lebanon.
Future Developers is the business development division of the Group. Its aim is to strengthen and empower sustainable relationships that share common values and goals.
Future Developers provides turnkey packages related primarily to infrastructure projects throughout a wide geographical area. The objective is to capitalize on the most attractive project opportunities at minimum risk. The division targets both the public and private sectors covering industrial, power, oil and gas, desalination, municipal, and water treatment.
Future Visual Arts is the artistic investment division of Future Group. Its principle purpose is supporting and nurturing artistic talent from the Middle Eastern region.
Through its investments in visual arts projects the Group aims to support and encourage regional talent and strives to promote the region’s rich culture and heritage. It focuses on stimulating dialogue and breaking down barriers that exist across cultures and countries.
The Future Group was founded by Mr. Fouad M. Makhzoumi and built upon the philosophical foundation of “Understanding our past and supporting our present with an eye to the future”. It has been the Group's commitment to implement this duty throughout its chosen businesses and sectors over the past 30 years. Underlying this philosophy is the vision to see what lies beyond the horizon, the diligence to do what it takes, and the strategic acumen to achieve our goals.
With a mercantile background and strong trading roots, the Family has a rich heritage of successful leaders in several fields including commercial, academic and military. Future Group is specifically built on the ‘industrial’ foresight of its Founder. Identifying ways to better communities through the creation and delivery of products and services is at the core of what drives the Group. Taking a raw material or idea and applying innovation to give it commercial and community value, is what inspires us.
To learn more please visit www.makhzoumi.com
Fouad M. Makhzoumi
Mr. Fouad Makhzoumi has both an undergraduate and Masters Degree in Chemical Engineering from Michigan Technological University.
In 1984 Mr. Makhzoumi founded Future Pipe Industries with other investors and has been actively involved in the management and development of the business ever since. He became Chief Executive Officer in 1986 and in 2003 his son, Rami Makhzoumi, assumed the role.
Between 1995 and 1997, Mr. Makhzoumi served as acting President of the International Desalination Association and he has been a member of the International Board of the Council on Foreign Relations: US/Middle East Project since 1996. From 1995 until 1998, Mr. Makhzoumi acted as Vice Chairman of the Institute for Social and Economic Policy in the Middle East at the John F. Kennedy School of Government at Harvard University. In 1997 Mr. Makhzoumi founded the Makhzoumi Foundation, a private Lebanese non-profit organization that contributes through its vocational training, health care and micro-credit programs to Lebanese civil society development.
Mr. Makhzoumi has been Executive Chairman of Future Pipe Industries since 2003.
Rami F. Makhzoumi
Mr. Rami Makhzoumi received his Bachelors of Science Degree in Business Studies from the University of Buckingham in 1998 and in 2003 he achieved the Young Professional Program Executive Diploma from the London Business School.
In January 1999 he assumed the role of Group Vice - President, Business Development for Future Pipe Industries. In 2001, he became the Chief Operating Officer of the company until October 2003 when he was appointed President and Chief Executive Officer.
Rami Makhzoumi has led the drive to change the organization from within by launching a group-wide restructuring effort known as “The Evolution and Revolution” Strategic Initiatives. Since his appointment, he has managed to expand the business into new segments and territories, and has more than tripled the sales of the group. He has grown the bottom line at even higher rates, by virtue of his migration of the Group into a Global Operating Model, and the application of innovative management techniques.
He is currently a lifetime member of the Institute of Directors UK, a member of the Arab-Deutsche Chamber of Commerce, a member of the International Desalination Association, and is a member of the Council on Foreign Relations. In addition, Mr. Makhzoumi serves as a Regional Board Member of the Young Arab Leaders and is also a member of the Young Presidents’ Organization. Mr. Makhzoumi is a featured speaker at numerous Family Business Forums, Regional Leadership conferences, as well as on Socio-Economic based programs. In addition to his business posts he also sits as Vice-President of the Makhzoumi Foundation, a philanthropic organization, based in Lebanon, which through its vocational, micro-credit, health and awareness programs has seen over 75,000 beneficiaries.
July 20, 2009: Guilty Brotherhood by Kevork Kiledjian Harvey Nichols - Lifestyle Asia
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June 24th 2009: Future Pipe Industries Group announces appointment of Chief Financial Officer
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June 18, 2009: His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, received a delegation from the Young Arab Leaders (YAL) forum at Zabeel Palace on June 10th 2009, in presence of Dubai Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum and Dubai Deputy Ruler Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum.
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General inquiries: info@futuregroup.com
