OCP officials depart Mustapha Terrab's successor?
The article discusses the situation of OCP Group, the Moroccan phosphate giant, amid the current crisis affected by austerity measures, declining financial performance, and governmental and administrative fluctuations. Several officials have resigned, including Legal Director Nazih Elmargaoui, former CEO Ameen Hasseim, and Performance Director Elias Ffali, due to work pressures and the economic crisis caused by sanctions on Iran and the Strait of Hormuz blockade. These factors have led to a decline in production and a reduction of more than 17,000 employees by the end of 2025. The company also faces criticism regarding its management of the crisis, amid discussions about potential leadership changes, with Abdel Lattif Zoghnoun or Hicham Habbatthi likely to replace Mustafa Terrab, who is preparing to retire. This transition is currently a topic of political and economic debate in Morocco.
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