Board of Directors

It has taken the bold leadership and contribution of many people to form the global organisation Future Pipe Industries is today. Our Board of Directors have significant and various experience in different fields which benefit Future Pipe Industries.

Fouad Makhzoumi

Executive Chairman & Group CEO

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 he has been actively involved in the management and development of our business ever since. He became Chief Executive Officer in 1986 until 2003 when 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.

May Makhzoumi

Vice Chairman

Mrs. May Makhzoumi is the President of the Makhzoumi Foundation and Vice Chairman of Future Pipe Industries, which was established in 1997 by Mr Fouad Makhzoumi, out of a strong desire to help empower fellow citizens to achieve self-dependence and improved career prospects. Under Mrs Makhzoumi’s Leadership, Makhzoumi Foundation developed departments, programs and units to address the needs of the Lebanese community and that of its residents. It does that through improving the socioeconomic status by offering loans, developing skills through informal and formal vocational trainings, providing services related to protection of vulnerable women and children while supplying core relief items to the most vulnerable communities, making good value healthcare available, preserving and raising awareness on agro-environmental issues, empowering youth potentials, and orienting them to achieve self-sustainability and independence.

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 several administrative positions within Future Group and serves as a Member of the Board of Directors/Advisors of a number of Companies, Universities, NGOs and Associations. She has also participated in many conferences and took part in panel discussions and presentations, and won many awards in recognition of her Philanthropic achievements.

Dr Omar Ashur

Non Executive Director

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 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. In 2009 he assumed the role of Chief Financial Officer of the Future Group Holdings. In January 2011 he reassumed his role as Chief Financial Officer at Future Pipe Industries Group, in addition to his Future Group role.

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 serves on the Board of Future Pipe Industries Group as a Non-Executive Director.

Dr Dirk Matthys

Chief Operating Officer

Dr Dirk Matthys is the Chief Operating Officer of Future Pipe Industries group.

He joined Future Pipe Industries in 2016 from Belgium based Engicon nv, a leading steel solutions provider active in the design, engineering and manufacturing of storage tanks, dry bulk handling installations and pressure vessels for the oil & gas, chemical and petrochemical industries, where he was also the Chief Executive Officer. Prior to that, Dr Matthys held senior management positions in the UK and North America at Gamesa s.a., a leading wind turbine manufacturer, and spent almost 20 years at ArcelorMittal, the world’s largest steel producer, based in Europe, South East Asia and China, where he held various leadership positions.

Dr Matthys holds a PhD in Industrial Management from Ghent University, and Master of Science degrees in both Industrial Management and Civil Engineering, also from Ghent University. In addition, he has been a Visiting Researcher at Carnegie Mellon University in Pittsburgh PA.

Imad Makhzoumi

Chief Commercial Officer

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.

He is a member of the American Business Council in Dubai, a founding member of the Dubai Capital Club and he currently serves as President of the International Desalination Association (IDA). He is also a frequent speaker and panelist on a number of industry forums and conferences including WETEX, NACE and PMI.

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 in 2005 he became Regional Vice President of Sales and Marketing for the GCC and Asia. In 2006 he was appointed Senior Vice President for Group Sales and Marketing responsible for leading the global sales and marketing team. He assumed the role of Chief Commercial Officer (CCO) in 2019, responsible for directing all of the company’s operational and commercial activities.