Focus on Modern Corporate Governance in PGPIC

Focus on Modern Corporate Governance in PGPIC
(Tuesday, June 3, 2025) 15:04

TEHRAN (NIPNA) – Mohammad Shariatmadari, CEO of Persian Gulf Petrochemical Industries Company (PGPIC), has emphasized the adoption of modern governance principles—namely integrity, transparency, and efficiency—across the holding, highlighting the role of its subsidiary, Persian Gulf Petrochemical Complementary Industries Development and Investment Group (PGPDIG), as a pilot for digital and financial transformation.

In remarks delivered during a visit to PGPDIG’s headquarters, Shariatmadari stressed the importance of fully implementing an integrated financial system. He described PGPDIG as a strategic starting point for rolling out this system group-wide. “Replacing traditional and periodic methods with artificial intelligence and data-driven evaluation tools is essential,” he said.

Positioning PGPDIG as a pioneer in software-based governance and technological leadership, Shariatmadari underscored the company's capacity to drive innovation through specialized human capital, advanced technologies, and targeted international cooperation—particularly in health, safety, environment (HSE) and risk management. He added that sustained professionalism requires economic production that is technologically advanced and socially valuable, along with systemic anti-corruption measures, process transparency, and continuous oversight.

PGPDIG Targets Leading Role in Downstream Development

Hamidreza Khalili, CEO of PGPDIG, called for the company’s return to its core mission of developing downstream and value-added industries. He announced a five- to seven-year strategic goal for PGPDIG to become the country’s leading downstream development entity.

Meanwhile, Mahmoud Aminnejad, PGPIC’s Vice President for Planning and Business Development, urged reforms in feedstock policies and decision-making. He proposed the formation of specialized committees focused on market dynamics, technical knowledge, and feedstock supply.

 


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