Over 100 executives attended Tristar’s leadership summit in Dubai
Shipping and transportation group, Tristar, recently held its 2022 Leadership Summit with the theme ‘Transition Towards Energy’. More than 100 executives attended the gathering in Dubai where Group CEO, Eugene Mayne, reiterated that the “customers and people will continue to be at the centre of the company’s growth strategy.”
He attributed the success of Tristar to the dedication and commitment of the staff and the risks the Group has taken. “While financial modelling is a must, I am also a firm believer that nobody can predict the outcome of any plan with any degree of certainty and therefore an element of risk is there in every decision,” Mayne said. “We would not be where we are today without the risks we took.”
During the occasion, Habiba Al Marashi, Chairperson of the Emirates Environmental Group, along with Mayne, launched the Tristar 2021 Sustainability Report. “Companies of the future will be companies that also have a high degree of corporate social responsibility. Poverty, inequality and climate change are some of the issues that will need attention of the corporate world, Mayne added.
Tristar Group will soon add eight more countries in its global footprint once its 51% acquisition of HG Storage International Limited (HGSI) has been finalized. HGSI has a diversified portfolio of oil storage, distribution and retail assets across Europe, the Americas, Middle East and Africa.
Last month Tristar disclosed that its consolidated revenue grew by 18.6 per cent in 2021 in comparison with the previous year, with EBITDA registering a significant increase of 37.3% compared to 2020. At the net profit level the improvement over 2020 was 167.6%.
