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Draft:Omar Asali

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Omar Asali is a Jordanian-American CEO and investor. Asali is known as an advocate for corporate sustainability and US-based manufacturing through investment in worker training and automation.[1][2]

Education

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Asali was born in Jerusalem and grew up in Jordan and came to the US to pursue his undergraduate degree at Virginia Tech.[3] He graduated in 1992 with a BS in business with a concentration in accounting.[1] He earned an MBA from Columbia Business School in 2001.[4]

Career

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After beginning in his career in corporate accounting, Asali moved to investment banking. He became co-head of Goldman Sachs Hedge Fund Strategies,[5] president and CEO of Harbinger Group,[6] vice chairman of Spectrum Brands Holdings, and board member at Fidelity and Guarantee Life.[7] In 2016, Asali, partnered with JS Capital, the family fund of Jonathan Soros, to found the investment fund, One Madison Group.

Sustainability

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Asali has cited sustainability as an important feature of One Madison's investment strategy.[8][9] In 2019, One Madison purchased Ranpak,[10] an Ohio-based manufacturer of non-plastic, paper-based packing materials and equipment used by major online and brick-and-mortar retailers. Asali serves as its chairman and CEO.[1] Other One Madison sustainable investments include Creapaper,[11] Pickle Robot[12] and an indoor vertical farming company, Plenty Unlimited Inc. in which Walmart and SoftBank are co-investors.[13]

References

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  1. ^ a b c Vanac, Mary (July 28, 2021). "Cleveland Conversations: Omar Asali, CEO of Ranpak, on how he is creating new jobs through automation". Cleveland Business Journal. American City Business Journals. Retrieved 22 October 2024.
  2. ^ Asali, Omar (November 24, 2020). "Opinion: US manufacturers have jobs to fill. Finding workers here at home is the problem". CNN Business. Cable News Network. Retrieved 22 October 2024.
  3. ^ Sidersky, Robin (June 22, 2022). "Va. Tech receives $1M gift for learning accelerator". Virginia Business. Virginia Business Publications LLC. Retrieved 23 October 2024.
  4. ^ "Centennial Partners". Columbia Business School. Columbia University. Retrieved 23 October 2024.
  5. ^ Or, Amy (July 5, 2011). "Harbinger Capital's Operating Chief Resigns". The Dow Jones & Company Inc. The Wall Street Journal. Retrieved 23 October 2024.
  6. ^ Bit, Kelly (March 9, 2015). "Harbinger Appoints Omar Asali CEO in Post-Falcone Shift". Bloomberg Business. Bloomberg L.P. Retrieved 22 October 2024.
  7. ^ "Omar Asali: The Road to Yes". Pamplin College of Business Virginia Tech University. Virginia Tech. March 6, 2018. Retrieved 4 November 2024.
  8. ^ Mendler, Adam (6 September 2024). "MANAGING TEAMS STARTS WITH EMPATHY: INTERVIEW WITH OMAR ASALI, CEO OF RANPAK". AdamMendler.com. Retrieved 25 October 2024. doing well in business and doing good for the planet are fully compatible strategies. It is a recognition that underpins every decision and investment I make.
  9. ^ Asali, Omar (July 22, 2024). "Sustainable packaging: From aspiration to bold action". Hartford Business Journal. New England Business Media. Retrieved 25 October 2024.
  10. ^ Kelleher, Colin (December 13, 2018). "Blank-Check Company One Madison to Buy Ranpak for $950 Million". The Wall Street Journal. Retrieved 30 June 2024.
  11. ^ Singh, Vishal (March 28, 2024). "Germany's Creapaper bags €20M to fight plastic-pollution and CO2 emissions by using grass; here's how". SiliconCanals.com. Silicon Canals. Retrieved 26 September 2024.
  12. ^ Wessling, Brianna (November 15, 2022). "Pickle Robot's unloading robots bring in $26M". The Robot Report. WTWH Media LLC. Retrieved 9 September 2024.
  13. ^ "Plenty Secures $400 Million Series E". AgriTech Tomorrow. AGRITECHTOMORROW. January 28, 2022. Retrieved 9 September 2024.