Mubadala Development Company, the Abu Dhabi-based investment and development company, announced that wholly owned asset Strata Manufacturing PJSC (Strata), the advanced composite aero-structures manufacturing facility, has made a range of new leadership appointments in order support Strata’s next phase of growth, including its expanding portfolio of products and capabilities for global original equipment manufacturers (OEMs).
Following the announcement, Cyril Arar has been appointed as new Chairman of the Board of Directors; Ismail AliAbdulla becomes Deputy Chief Executive Officer; and Murray Hundleby becomes General Counsel.
Strata CEO, Badr Al Olama (photo) said: “We are delighted to welcome Cyril, Ismail and Murray to the Strata family. All have a strong track record of leadership, robust business performance, and regional expertise. I have no doubt that they will have a positive impact on achieving our plan for continued development from day one.”
With the upcoming expansion of Strata’s manufacturing capabilities in Al Ain, Cyril will replace Homaid Al Shemmari as Chairman. Homaid has led the Board since Strata’s founding in 2010 and will continue to support Strata in his role as CEO of Aerospace & Engineering Services at Mubadala. C
Cyril has held various roles within the Aerospace industry, most recently within Mubadala’s Aerospace and Engineering Service platform where he leads the unit’s Defense Services vertical. Prior to his role within Mubadala, Cyril served as the CEO of Al Taif Technical services for over seven years and also served as a Lieutenant Colonel in the U.A.E. Armed Forces, specializing in life cycle management of Land Systems.
For the newly created position of Deputy CEO, Ismail Ali Abdulla will be charged with building up capabilities for Strata next phase of development and will also be responsible for guiding the commercial department, building management services, and overseeing business performance and risk management.
Ismail is a senior member of Mubadala's Aerospace and Engineering Services platform, where he previously led the development of the Nibras Al Ain Aerospace Park. Ismail brings to the role nearly a decade of experience in finance and business development within the aerospace industry.
Murray Hundleby is Strata’s new General Counsel. Murray has nearly 30 years of international industry experience across Aviation, Defense and Manufacturing. With a proven ability to add strategic and financial value to complex businesses, Murray was most recently General Counsel for Peabody Energy Australia, preceded by a decade long stint with the Boeing Company operating for periods at both its manufacturing headquarters in Seattle (USA) and Australia.
Established and owned by the Government of Abu Dhabi, Mubadala’s strategy is built on the creation of partnerships and on long-term, capital-intensive investments that deliver strong financial returns, contribute to the growth and diversification of Abu Dhabi’s economy, and create opportunities for current and future generations in the United Arab Emirates.
Mubadala brings together and manages a multi-billion dollar portfolio of local, regional and international investments and partners with leading global organizations to operate businesses across a wide range of industry sectors. These include aerospace, semiconductors, metals & mining, oil & gas, renewables, information & communications technology, healthcare, real estate & infrastructure, utilities, and defense services.
Strata Manufacturing PJSC (STRATA) is a composite aero-structures manufacturing facility based in Al Ain, United Arab Emirates. Established in 2009, with production beginning in 2010, Strata has partnerships with the world’s leading aircraft manufacturers, Airbus and Boeing, as well as tier one suppliers like Alenia Aermacchi, FACC AG, SAAB and S.A.B.C.A.
Strata manufactures various parts on Airbus, Boeing and ATR aircrafts and is wholly owned by Mubadala.