Hungarian Lawyer Peter Paroczi has been promoted to the Head of Compliance and Corporate Governance at the Qatar Fertilizer Company.
Paroczi has been with QAFCO for over five years, having joined as a Compliance Officer in 2019 (as reported by CEE Legal Matters on October 18, 2019). Earlier, he spent a year with Harman International as its Global Director Counsel and six years with Samsung Electronics as General Counsel. Earlier still, he spent a year with Baker McKenzie as an Associate, between 2008 and 2009, after starting his career with a three-year stint as a Junior Associate with KPMG affiliate law firm Deri & Lovrecz.
“I joined QAFCO five years ago where I was assigned to head the compliance function at the company,” Paroczi commented. “Qatar and the GCC region have been facing significant technological challenges and fierce competition in the oil and gas industry. The downstream sector was no exception to that. The green transition, low carbon or hydrogen fuel solutions, and an aspiration to become a world-leading corporation in the petrochemical and blue ammonia industry required a different and intricate approach from all stakeholders. As a result of that, not just the compliance function has received more relevance and focus in the business, but corporate governance as well. Decision-making has become more complex in the past few years, while the time for making those decisions has become significantly shorter. My new role at QAFCO, besides compliance, is to enable the company to make decisions smoothly and easily and provide an effective mix of input to the executives to make QAFCO a pioneer of the blue ammonia and hydrogen fuel technology.”
In August 2017, Paroczi was interviewed by CEE Legal Matters shortly after he joined Harman.