At 31 years of age, Dr. Mohamed Adan is fairly young for the sensitive and valuable multibillion petroleum company he runs. Interestingly, three years ago—in 2011 he was busy attending to patients as a medical doctor in South Africa.
Now he has switched lanes to the energy, not health sector; as the Chief Executive Officer of Hashi Energy. The company too has quickly evolved into a regional player in the oil busies supplying over 400 million litres of petroleum products to East and Southern Africa.
And since the young CEO took over the mantle of leadership from his father last July 1st his mission has been focusing on becoming a market leader, prioritizing the customer, fostering innovation as well as environmental conservation.
He recently sat down for an interview with Nairobi Business Monthly’s Victor Adar, and below is an excerpt of the interview.
How does the big role feel for the young man?
“Hashi, for me, is quite exciting. Nothing much has changed. I’m working with the same team and so far it has been smooth sailing,” he enthuses. Hashi’s previous leadership may take credit for Dr. Adan’s smooth takeover of the oil giant. In 2012, for example, Hashi Energy was ranked sixth overall in the best performing oil industry’s players in country and the new CEO’s task is to maintain this position. And the fact that it took his predecessor 22 years to transform the company into a multi-billion enterprise underscores the task ahead of Dr. Adan.
Is it challenging to manage a big and growing company in a dynamic industry?
Surprisingly, he goes easy about it given that he has to deal with over 350 employees a feat that can sometimes be complicated. But he says: “It’s better for people to tell you but I can say my style of management is similar to his style (previous CEO’s). He related well with all generations, was letting people be in charge. Obviously it has been smooth dealing with the many employees. It is a good thing I sleep at night.”
What is in the offing at Hashi Energy right now?
Hashi has among other new ventures partnered with Equity Bank to lead an energy source revolution from dependence on charcoal ad paraffin to Liquefied Petroleum Gas (LPG). The partnership allows clients to access loans of Ksh 5,500 from Equity Bank for the purchase of a 6 kg gas cylinder from Hashi Energy after which the amount can be repaid in instalments. This can be done by acquiring a pro-forma from Hashi Service Stations, supermarkets and leading distributors which can be presented for approval at Equity Bank Branches.
And this in initiative, Dr. Mohamed hopes, will transform the lives of Kenyans who previous studies showed that a combined population of 80% used kerosene while 60% relied on charcoal and 55% firewood.
How does the future look for the robust company?
Kenya currently has approximately 80 petroleum industry players. And Hashi Energy’s sixth spot among the 80 is pretty impressive. Hashi Energy, whose core business is importation, marketing and distribution of petroleum products, is looking beyond the horizons. It is now aiming at power production and has already embarked on construction of one such plant.
“We are also eying Sharia-compliant products. I am particularly keen on finance packages—not necessarily running it as a business but sheer interests,” says Dr. Adan.
How big is big, in terms of growth prospects?
“But we don’t like saying we are big. Instead we view ourselves as a small organization—that is our philosophy. We see ourselves small and we always challenge ourselves, thus “what can we do better?” and not “how big can we grow?” And Adan adds that Hashi Energy, as a company, will continue regarding itself as a solution provider rather than a competitor in the industry. “We embrace more collaboration than competition,” the young CEO sums up the company’s mission.
[Courtesy: Nairobi Business Monthly]
The post Meet 31yrs Old Hashi Energy CEO Who Runs a Multibillion Petroleum Empire appeared first on Career Point Kenya.Click on the TITLE link for the original.
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