Ismail Ali Abdulla appointed CEO of Strata
He replaces Badr Al-Olama, who is joining Mubadala Investment Company as head of the aerospace sector, where he will be responsible for a portfolio of businesses
Strata Manufacturing PJSC announced on Saturday, 6 May, the appointment of Ismail Ali Abdulla as its chief executive officer.
The manufacturer of advanced composite aero-structures, which is wholly owned by Mubadala Investment Company, said that the appointment was effective immediately.
Abdulla served as Strata's deputy CEO, and replaces Badr Al-Olama, who was Strata’s CEO beginning 2012.
Al-Olama is joining Mubadala Investment Company as the head of the aerospace sector, where he will be responsible for a portfolio of manufacturing and service businesses, including Strata and Turbine Services and Solutions.
Commenting on Al-Olama’s new role, Khalid Al Qubaisi, CEO of the aerospace, renewables and ICT business platform of Mubadala Investment Company, said: “This is a landmark moment for both Strata and Mubadala, as the aerospace sector continues to be one of the most prestigious and prosperous industries in the UAE, supporting the drive to create a knowledge-based and sustainable economy.
“Badr Al-Olama has been an outstanding leader at Strata, establishing the business as a crucial aero-structures manufacturer for the global aviation ecosystem, a legacy that will continue under the guidance of Ismail Abdulla.”
According to Strata, Al-Olama was instrumental to the company’s growth in the aerospace industry, helping it establish new partnerships with original equipment manufacturers (OEMs) and evolve into a global tier one supplier in just six years.
Throughout this period, Strata also reportedly grew its product lines from three in 2012, to 10 by the end of 2016, signing significant contracts that exceeded $5bn, including new work packages for highly complex parts, such as the horizontal stabilizers for the Airbus A320 and the vertical fins for the Boeing B787 Dreamliner aircraft.
In addition, Strata fostered a pool of UAE nationals, who now represent 51% of a 700-strong workforce, including a strong representation of UAE women across all levels of the organisation. Strata also noted that it has invested in building a local aerospace supply chain in Abu Dhabi, where over 50% of its suppliers are based locally.
With the expansion of Strata’s operations and customer base, Abdulla was appointed as deputy CEO of Strata in February 2016, with a mandate to grow capabilities for Strata's next phase of development by overseeing the commercial department, integrating management services, and driving business performance and production excellence.
Since his appointment, Abdulla’s major focus has been to launch the Strata 2.0 factory, a second manufacturing facility that will be established at Nibras Al Ain Aerospace Park. Strata 2.0 is modelled around a ‘Factory of the Future’ vision, and will introduce new technologies on smart building, smart manufacturing, and smart workforce, revolutionising traditional production methods in aerospace through the introduction of smart technologies and additive manufacturing. Strata 2.0 will span approximately 60,000m2 once it becomes fully operational in 2020.
Abdulla said: “It is a great honour to continue the tremendous work of Badr Al-Olama in Strata’s emergence as a leading global aero-structures manufacturing business and a central representative of Abu Dhabi’s economic diversification story.
“Building on the strong platform of an emerging aerospace ecosystem in Al Ain, our deep relationship with the industry’s leading OEMs, a rich Emirati talent base, and an efficient supply chain at a local, regional, and international level, Strata is ready for its next phase of growth.”