UPS yesterday announced the appointment of Jean-Francois Condamine as the president of Growth and Emerging Markets. As part of his new role, Condamine remains in Dubai to oversee expansion and enhancement of the companys market reach and global capabilities to better serve customers doing business in emerging and developing markets.
I am pleased to expand Jean-Francois Condamines responsibilities to continue generating performance gains and helping UPS advance an expansion strategy based on helping customers meet their local, regional and global ambitions, commented Nando Cesarone, UPS international president. His unique ability to manage distinct market challenges and opportunities across several markets, as well as his depth of knowledge regarding business culture across those markets are vital for helping our customers grow across borders with our smart global logistics network. High growth and emerging markets offer businesses great opportunities.
The contribution of the seven largest emerging market economies to global output has climbed substantially over the last quarter century. Brazil, China, India, Indonesia, Mexico, Russia, and Turkey accounted for 24% of global economic output over 2010-2016, up from 14% in the 1990s. Moving 3% of the worlds GDP every day, UPSs human network of logistics and supply chain experts connects customers to the global network needed to the satisfy cross-border needs in high growth and emerging markets.
UPS is in an excellent position to seize a host of opportunities presented as emerging markets continue to grow. I look forward to building on the great work the team has put in to get us where we are today, said Condamine. But global trade waits for no one, as our customers know. The combination of our growth and expansion strategy, the partnerships and investments weve made over the last three-and-a-half years are aimed at getting ahead of customer demand. Time matters in this fast-moving market which is why we see a need to continuously improve speed to market with better time in transit between growing trade lanes that connect the US, the Middle East, and China. Widely, we will continue helping customers increase their reach by enhancing our smart global logistics network.
Condamine has served as president of ISMEA district since its creation in 2013. During his tenure, he successfully capitalised on UPS investments in its network, technology and partnerships to continuously increase UPS footprint in the ISMEA district, positioning UPS as a trade enabler within the Middle East from/to China, Africa, Europe and the U.S. In 2017, under his leadership, UPS was chosen to handle the logistics operations for World Expo 2020 Dubai, a growth catalyst for UPSs network in a region of the world poised for growth.
In an additional strategic move, Rami Suleiman has been named president of ISMEA to oversee market opportunities in the district that represents more than 70 high growth markets for the company.
The ISMEA district holds immense importance in UPSs transformation growth strategy and is a market where the company is helping customers realise important growth opportunities, said Suleiman. I am honoured by the opportunity provided in a role that will continue connecting businesses to UPSs ever-evolving smart global logistics network. The markets in this part of the world are poised for further growth across borders this is certainly helped with the adoption of business-friendly policies which we continue to see.
Suleiman joined UPS in 1992 as an Analyst in Treasury and Cash Management in Atlanta, USA, and since then continued expanding his expertise across the business in various roles that involved him relocating to Los Angeles, USA, followed by London, UK, until he accepted the position of Vice President of Finance and Strategy in 2013, a role based in Dubai, UAE.