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Corporate governance

Learn about the structures that ensure Hikma’s stability and agility as a leading corporation.

Our company is managed by the Board of Directors and the senior management team.

The Board currently comprise of the Chairman, who is also the Chief Executive, the Executive Vice-Chairman and five non-executive directors who are responsible for our corporate governance and ultimately accountable for our activities, strategy and performance.

The Chief Executive is responsible for the management of the business and is assisted by the senior management team.

Bassam Kanaan

President and Chief Operating Officer for MENA and EU regions
Joined Hikma: 2001

Bassam started his career in 1986 with Deloitte & Touche (Los Angeles) where he held a variety of roles prior to joining PADICO in 1994 as CFO. Bassam joined Hikma as CFO in 2001 and played a leading role in preparing for Hikma’s IPO in 2005 and in its subsequent M&A activity. In February 2009, in addition to his responsibilities as CFO, Bassam assumed responsibility for Operations, Manufacturing and Supply Chain management in Europe & MENA. In January 2011, Bassam was promoted to the position of President and Chief Operating Officer for the MENA and EU regions. Bassam has led the growth, acquisition, and operational improvement strategy in the MENA region. He also implemented management restructuring initiatives aimed at strengthening local management teams which proved very effective in improving performance.

Bassam is qualified as a Certified Public Accountant (CPA) and Chartered Financial Analyst (CFA). Bassam has a BA from Claremont McKenna College and an International Executive MBA from Kellogg/Recanati Schools of Management.

Michael Raya

President and CEO of the USA
Joined Hikma: 1992

Michael joined Hikma’s US subsidiary West-Ward from Vitarine Pharmaceuticals where he had worked from 1984 until 1992 in various roles, including Vice President, Quality Control.  Prior to this, Michael worked at Schering-Plough and Hoffman LaRoche. At Hikma Michael has previously been responsible for all West-Ward’s operations as well as quality/compliance for all worldwide Hikma facilities until his appointment as President and CEO of West-Ward in 2008.

Michael holds a Masters degree in Industrial Pharmacy from Long Island University and a Bachelor's degree in Chemistry from St. Francis College.  Michael is also a graduate of INSEAD's International Executive Program.

Riad Mishlawi

EU Vice President and Global Head of Injectables
Joined Hikma: 1990

Riad joined Hikma as a Project Engineer in the engineering department where he was involved in the construction of Hikma’s facility in Portugal. Riad spent a significant period in the manufacturing operations of many Hikma sites, was general manager of Hikma Italy and became Head of Injectables Manufacturing Operations before assuming his current role. Riad was an executive director at Watson Pharmaceuticals from 1998 to 2005, responsible for Injectables operations. Riad has led the injectables divisional through a period of rapid growth and has integrated operations into a global operation.

Riad has a BSc in Engineering and a Masters in Engineering and Management from George Washington University.

Khalid Nabilsi

Chief Financial Officer
Joined Hikma: 2001

Prior to assuming his current role, Khalid held several senior positions in the Hikma finance department including Corporate Vice President, Finance and was a key member of the IPO team in 2005. Following qualification as a CPA he held a variety of roles in financial accounting, reporting and financial advisory services, and with Atlas Investment Group (now AB Invest) where he was involved in mergers and acquisitions advisory services. Prior to Atlas, Khalid had managed several multinational audit engagements at Arthur Andersen in Amman, Jordan.  As Chief Financial Officer, Khalid has integrated several acquisitions into the financial reporting structure, developed the group internal control framework and implemented new leverage arrangements to fund acquisitions and capital investment.

Khalid is a US Certified Public Accountant and has an MBA from the University of Hull.

Majda Labadi

Corporate Vice President, Human Resources
Joined Hikma: 1985

During her 28 years at Hikma, Majda has held a variety of roles including Purchasing Manager at Hikma Pharmaceuticals Limited, Strategy Manager at Hikma Investment, General Manager of Hikma Farmaceutica and Vice President of Injectables. In February 2009 Majda assumed her current position as Corporate Vice President, Human Resources. She has been responsible for establishing a central human resource practice and leading the development of several group wide initiatives, including the grading structure, performance evaluation process and the group bonus scheme.

Majda has completed the Advanced Management Program (AMP) program at INSEAD, holds a BA from the American University of Beirut and masters degree from Hochschule Fur Okonomie in Berlin, Germany.

Henry Knowles

General Counsel
Joined Hikma: 2005

Since joining Hikma, Henry has advised on all legal aspects of the Group’s business, including commercial negotiations, litigation and regulatory matters as well as contributing to the execution of the Group’s acquisitions. More recently Henry has been responsible for developing the group’s enhanced corporate compliance programme. Before joining Hikma, Henry worked for the international law firm, Ashurst, where he specialized in mergers & acquisitions, equity capital markets and corporate law.

Henry is admitted as a solicitor in England and Wales and holds an MA in Social and Political Science from Trinity College, Cambridge.

Susan Ringdal

Vice President, Corporate Strategy and Investor Relations
Joined Hikma: 2005

Susan joined Hikma as Investor Relations Director, having previously worked for the pharmaceutical distribution and retail pharmacy group Alliance UniChem plc as Investor Relations Manager.  She also has experience as an equity analyst at Morgan Stanley in London.  In early 2012 Susan assumed responsibility for corporate strategy.

Susan holds a BA in History from Cornell University and an MBA from London Business School.

Peter Speirs

Company Secretary
Joined Hikma: 2010

Peter joined Hikma as a Deputy Company Secretary in 2010. Prior to joining Hikma, he worked in the Corporate Secretariat of Barclays and Pool Re, the UK terrorism re-insurer. He also worked at Manifest, a leading Corporate Governance Agency. In 2012, Peter assumed the role of Company Secretary. Peter is responsible for advising on governance at the board and across the group, as well as the share-based compensation arrangements.

Peter is a Fellow of the institute of Chartered Secretaries and Administrators and holds a law degree from University of East Anglia.

Ibrahim Jalal

Senior Corporate Vice President, Technical Affairs
Joined Hikma: 1979

Ibrahim joined Hikma as Technical Director and has held a variety of roles including Corporate Technical Vice President for Compliance and Senior Corporate Vice President for R&D.  He has played a leading role in Hikma securing FDA approval for its manufacturing units.

Ibrahim holds a PhD in Pharmacy from the University of Wisconsin-Madison.

Fadi Nassar

Corporate Vice President, Active Pharmaceutical Ingredients
Joined Hikma: 1988

Fadi has worked in various roles within the Group including Operations, Purchasing and Business Development. He was promoted to Corporate Vice President, API in 2007. Fadi is a Director of Hubei Haosun Pharmaceutical Co. Ltd., an Active Pharmaceutical Ingredient manufacturing company in which Hikma purchased a significant minority interest in 2011.

Fadi holds a BSc in Chemical Engineering from Newcastle University and an MSc in Chemical Engineering from Leeds University. Fadi is also a graduate of INSEAD’s International Executive Program.

Ragheb al-Shakshir

Corporate Vice President, Research and Development
Joined Hikma: 2000

Ragheb joined Hikma as a Research & Development Manager. Prior to joining Hikma he held a variety of roles as Senior Scientist at Novartis Pharmaceuticals, and at Alcon Labs in the United States. From 2003-2008 Ragheb led the Hikma R&D Injectable team and from February 2009 assumed the responsibility of Corporate Vice President, Research & Development.

Ragheb has a PhD in Industrial and Physical Pharmacy from Purdue University, Masters in Engineering from the University of Massachusetts-Amherst and a BSc in Chemical Engineering from the University of Wisconsin-Madison.