Ahmed Elbosaty, the chairman and managing director of Modern Nile Cotton, a top ranking cotton company in Egypt, has been elected as president,Mohit Shah, a director of India's Gill & Co as first vice president and Jean-Marc Derossis, the managing director the UK-based Plexus Cotton as second vice president.
Mr Ahmed Elbosaty (Chairman & Managing Director, Modern Nile Cotton Company) takes on the role of ICA President.Ahmed will be supported by Mr Mohit Shah (Director, Gill & Co) as First Vice President and Mr Jean-Marc Derossis (Managing Director, Plexus Cotton Ltd) as Second Vice President, who re-joins the board this year.
On accepting the role of President, Ahmed said: "ICA's fate and direction is not about its president, it is about a common vision shared by its entire board, its past presidents, its management and, most importantly, its members.
Ahmed joined our Board of Directors in 2007 and was nominated as ICA Second Vice President in 2010.Based in Egypt, he began his cotton career at Modern Nile Cotton Company, whilst studying for his BA in Economics and Political Science at Cairo's American University.Since then he has assumed several roles at Modern Nile - including Export Manager, Commercial Director, General Manager and Managing Director - and is now Chairman & Managing Director.Ahmed is an active member of the cotton value chain and serves on the board of a number of companies.He is the current President of the Alexandria Cotton Exporters Association (ALCOTEXA) and a board member of several Egyptian foreign joint business councils, including the Indian-Egyptian, Chinese-Egyptian and Russian-Egyptian Council.
Referencing his country's extra-long staple fiber, Ahmed Elbosaty, a member of the Egyptian delegation and Chairman of Modern Nile Cotton Co., questioned panel members about demand drivers at the consumer level, asking about various price points and wide discrepancies for cotton shirts that contained essentially the same quality fiber.
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