Our board and governance
Integrity, ethics and transparency
Strategic leadership and good governance are essential for achieving our vision.
We have a bold vision for a sustainable future. Led by OCP Group Chairman and CEO Mostafa Terrab, our experienced leadership team and governance structure help us make this vision a reality.
From far-reaching strategic decisions to close financial oversight, the governance structure at OCP ensures we are all working towards a common goal. Our governance ensures we always act ethically, with integrity and transparency.
The OCP Senior Management and the three governance committees lead the way, with oversight from our Board of Directors. This structure keeps our decision-making effective and accountable: it’s a vital strategic tool for achieving our goals.
Our Senior Management
The Senior Management team at OCP includes our CEO and four Managing Directors:
• Chief Finance Officer
• Chief Human Capital & Services Officer
• Chief Operating Officer
• Chief Growth Officer
Together they are responsible for OCP’s long-term strategy, ensuring everyone at OCP works towards a shared vision.
Chairman & Chief Executive Officer
Mostafa Terrab joined OCP in 2006 and has led OCP’s transformation ever since. He has more than 30 years of experience, including roles as Lead Regulatory Specialist at the World Bank (Washington, 2002), and Managing Director at the National Regulatory Telecommunication Agency (1998). He has a PhD in Operational Research and a Master's in Engineering, both from the Massachusetts Institute of Technology.
Chief Human Capital & Services Officer
Faris Derrij joined the OCP Group in 2010. He started his career at OCP as Global Mining Performance Director, then led the Production Direction of the Merah Béni Idir Axis at the Khouribga site. After roles as Director of the Gantour and Safi sites, he became Executive Vice President of Human Capital. Before OCP, M. Derrij occupied several positions at TOTAL France and Meditel. He graduated from the Ecole Centrale de Lyon.
Chief Operating Officer and Interim Chief Financial Officer
Iliass Elfali joined OCP in 2009 as Project Manager in Strategy and Partnership Direction. He progressed through management roles in Partnership Direction and IMACID Direction in Jorf Lasfar before becoming Director of the Safi site. In 2015 he became Executive Vice President of Industrial Operations. Prior to joining the group, he held several positions at Lesieur Cristal, Air Liquide Maroc and Ynna Steel.
Soufiyane El Kassi
Chief Growth Officer
Soufiyane El Kassi joined OCP in 2000 as production engineer before leading mining extraction in Khouribga. He was a member of the task force in charge of the Industrial Development Program in 2007, then managed the Business Steering direction before becoming director of the Gantour site. From 2015 to 2018 he held roles as Executive Vice-President of Industrial Development, and then General Manager at JESA.
Nadia Fassi Fehri
Chief Transformation Officer
Nadia Fassi Fehri joined OCP Group in November 2020 as Chief Transformation Officer. Graduated from Ecole Polytechnique, Ecole Nationale des ponts et chaussées as well as the ESCP-EAP European School of Management, she has held various positions within the Managem Group where she successfully ensured the launch of the first gold mine in Morocco. Between 2015 and 2020, as CEO of Inwi, she led the transformation of the company into a global digital operator, investing in the strategic sectors of cloud, cybersecurity and mobile payment.
LOTFI SENHADJI KARIM
Chief Financial Officer
Karim Lotfi Senhadji joined OCP in 2010 as a Director in charge of management control. Then he held the position of Vice-President Shipment & Logistics before his appointment as CEO at OCP Africa. Prior to OCP, Mr Lotfi Senhadji held several management positions within several Moroccan and international companies, such as Holcim Group, Altadis Morocco and Méditelecom. He holds an Executive MBA ESSEC & Mannheim Business Schools and graduate form the Royal Air Forces School of Marrakech where he got his degree in aeronautical engineering and trained as a pilot.
The Senior Management team sit on three internal governance committees: strategy, management and operations. Together they help us be effective and responsible in making decisions for the long-, medium- and short-term initiatives at OCP. A fourth – the external Audit and Risk committee – ensures OCP’s compliance with financial regulations and risk management.
The Strategic Committee makes medium and long-term decisions, typically centered on business planning, budgetary frameworks, long-term strategy and initiatives, M&A, partnerships and other top-line business matters. It is chaired by the CEO, with seats for OCP’s four Managing Directors.
The Management Committee makes structuring decisions to implement the recommendations of the Strategic Committee. Typically this includes budget, CAPEX, and HR – and can deal with short-term and long-term initiatives. It’s chaired by the CEO, with seats for OCP’s four Managing Directors and the Executive Vice Presidents.
The Operational Committee takes charge of operational co-ordination. This includes sales, production plans, new products, and performance monitoring. The chair is appointed on rotation, and the committee is made up of the Group’s Managing Directors and Executive Vice Presidents.
Audit and Risk Committee
OCP has an external audit and risk committee, which coordinates our internal and external audits. This committee’s main functions include assessing accounting methods, risks, and regulatory compliance. It is chaired by the Director of the Department for Public Enterprises and Privatization, and members include the Government Commissioner, a representative from Banque Centrale Populaire, OCP’s auditors, and OCP’s Chief Financial Officer.
Our Board of Directors
Our board guides the direction of the company and oversees the steps we take to achieve our strategic goals. The board ensures the decisions taken by OCP Senior Management are in line with the interests of OCP’s stakeholders. As a state-owned company, the OCP Board of Directors is composed of:
- Mostafa Terrab : The OCP Chairman and Chief Executive Officer
- Abdelouafi Laftit : The Interior Minister
- Moulay Hafid Elalamy : The Minister of Industry, Investment, Trade, and Digital Economy
- Nasser Bourita : The Minister of Foreign Affairs and International Cooperation
- Mohamed Benchaaboun : The Minister of Economy and Finance
- Aziz Rabbah : The Minister of Energy, Mines and Sustainable Development
- Mohammed Sadiki : The General Secretary of the Ministry of Agriculture and Fisheries
- Banque Centrale Populaire : Represented by its President and CEO Mohamed Karim Mounir
- Samya Belhaj : Secretary of the Board
Group, partners and operations
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