L3 · PERSON
ceoMohammadreza Karimi
مهندس محمدرضا کریمی
Arvand CEO through the IPO and roadshow; briefly replaced in January 2026; reappointed by Ali-Askari in the mid-September 2026 decrees. Public face of Arvand 2 (extra ~300 kt PVC). Engineer, not a Tehran cabinet transplant — but his tenure is still a holding political object.
BACKGROUND
- Long-running Arvand managing director. On the record for PVC doubling, caustic-soda dominance, and the 2025 listing.
- Cited Arvand as ~50% of domestic PVC and ~90%+ of caustic soda at the May 2025 capital-market visit; replacement value ~$1.3 billion.
ROLES
- ArvandCEO (IPO tour)
Jan 2026
Ran the roadshow and 24 Dec 2025 listing
mid-Sep 2026 – present
Ali-Askari decree
PATTERN
The swap-and-swap-back is PGPIC personnel politics. Karimi is the commercial/public face; Mosaddeghi-Fard is the classic complex operator. Product mix did not move.
NOTES
- Watch Arvand 2 FID and feedstock-discount talks — those are his industrial file.
- Thanked Shariatmadari at listing: a loyalty timestamp to the then-holding CEO.
EVENTS
- 2025-12-24Arvand lists as اروند / ARVAND
- 2026-01Mosaddeghi-Fard briefly takes Arvand
- 2026-09Ali-Askari restored; Karimi and Ansari-Nik decreed