Omar Asali, CEO of Ranpak, to speak as part of Ethics Week
April 5, 2021
“Sustainability is real and is here to stay,” said Omar Asali, Chief Executive Officer and Chairman of the board of directors of Ranpak Holdings. Sustainability will be one of the chief topics of discussion when Asali hosts an online lecture on Wednesday, April 7, at 5:30 p.m. The discussion is part of Ethics Week at Virginia Tech, held March 29 through April 8.
The virtual event is free and open to the public. Attend the event here.
Based in Concord, Ohio, Ranpak Holdings manufactures machines and paper products used in protective paper-based packing for shipping goods and merchandise for e-commerce and industry. In his role of Chairman and CEO of Ranpak, Asali is focused on the ongoing evolution of Ranpak's commitment to lead the market in sustainable systems‐based packaging solutions.
A part of the critical logistics infrastructure and deemed an essential business, Ranpak has remained steadfast in its commitment to provide its broad customer base with the environmentally friendly protective packaging materials they rely on to ship their products.
Ranpak is a global company, with over 30,000 end-users across over 50 countries. In 2020, Asali signed a pledge to increase the diversity of the Ranpak board of directors. He is emerging as an influencer within the CEO community, advocating about working conditions of the manufacturing assembly line workers, promoting safe working conditions under COVID, and is seeking other CEOs to adopt such universal principles.
Before his role with Ranpak, Asali was Chairman of the Board of Directors and Chief Executive Officer of One Madison Group, a permanent capital investment vehicle located at the foot of Madison Avenue in New York City. He was also the Vice-Chairman of the Fortune 500 company Spectrum Brands, and the co-head of Goldman Sachs Hedge Fund Strategies, where he helped manage approximately $25 billion of capital allocated to external managers. He received an MBA from Columbia Business School and a B.S. in accounting from the Pamplin College of Business.
Asali founded the investment firm One Madison Group LLC (OMAD), where he collaborated with a select number of investors and strategic partners, such as JS Capital and Soros Capital to identify innovative, environmentally-focused companies, resulting in the purchase and acquisition of Ranpak Holdings. In 2019, a vehicle controlled by OMAD merged with Ranpak, and Ranpak became an NYSE-listed publicly traded company.
Asali serves as an active mentor with Pamplin students and is a regularly-featured speaker. At Pamplin's Wells Fargo Distinguished Speakers series in 2017, he addressed more than 300 students, participated in an extensive question and answer session, and led small group discussions with students from the Apex Center for Entrepreneurs Innovate Living and Learning community as well as those participating in the student organizations BASIS and SEED.
In 2019, Asali was a featured panelist at the Hokies on Wall Street signature program, engaging with students who traveled to New York City for career treks. He will be speaking again in FY21 as part of the Global Business Practices minor, designed around the theme of how business improves the human condition, a pillar in Pamplin's strategic plan.
Asali has donated the use of Ranpak's packaging equipment to the Virginia Tech College of Natural Resources Thomas M. Brooks Forest Products Center, which houses faculty and students in the Department of Sustainable Biomaterials. This has helped scale the packaging program and is yielding great student interest to match the growing demand for graduates.
Asali, a first-generation American who immigrated to the United States from Jordan supports scholarships for students from Jordan to advance their education. He also supports community initiatives such as mentorship programs through his family foundation.
He has served on the Virginia Tech Foundation Board since 2018 and with his wife, Rula, and has a family foundation. With the onset of the COVID-19 pandemic, Asali ensured donations were made to local food pantries near Ranpak headquarters in Cleveland, Ohio, and the Netherlands, as well as to the Cleveland Clinic in Ohio, and Mount Sinai Hospital in New York. These funds cover onsite meals, comfort stations, and lodging for hospital staff treating COVID-19 patients, as well as delivery of meals to hospital staff who have become infected with the virus.
In times like these, we all need to come together as a global community and help where we can,” Mr. Asali told Ranpak shareholders.
“I'm proud to say Ranpak is doing its part.”
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