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Nasser: Companies
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Nasser is the founder and president of Meeting Insites International, a meeting consulting and trade show management company with a mission of providing service excellence to its clients. Born in Iran, Nasser's family moved to Europe after he had completed his elementary education, and continued his schooling in Zurich, Switzerland, and Rome, Italy. He has been a leader in the meetings and hospitality industry for over 27 years both as a manager and teacher.
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Nasser's expertise is in the areas of web/voice application infrastructure and converged communications. He has been in the software industry since 1989. Prior to Frucall, Nasser co-founded Millenigence, a converged communications application platform company.
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Gregarious, energetic, and persistent, Nasser moved rapidly through the ranks of Ford. He held positions in Australia, Thailand, the Philippines, Venezuela, Mexico, Argentina, Brazil, and Europe by displaying wizardry with cost cutting. This global experience and leadership strength made Nasser an appealing choice for a company looking to expand its reach around the world. To almost universal acclaim, Nasser in 1999 was named president and chief executive officer of Ford Motor Company. Robert A. Lutz, vice chairman of rival Chrysler, categorized Nasser as a "brilliant automotive executive and unconventional thinker" before adding, "They'd be crazy not to give him the top job" (Zesiger, June 22, 1998). At the time Ford had 370,000 employees in two hundred countries, sales and revenues of $143 billion, record earnings of $6.6 billion, and a stock price of $65 per share.
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Nasser, who was born in Lebanon and grew up in Australia, still makes his home in the Detroit area. He would not discuss reports he is interested in a new strategy for “instant” car financing. He once was rumored a candidate to head Testra, Australia’s telephone company; someone else has since filled that job.
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Although he was fired, Nasser regarded his Ford days as a positive experience because of the friends he made and lessons that he learned. In 2002 Nasser became a senior partner in One Equity Partners, the private equity business of Bank One Corporation. He bore responsibility for identifying, evaluating, and implementing direct equity investments in various industries around the world. An affiliate of One Equity acquired Polaroid, the instant-imaging camera giant, in July 2002, following the company's voluntary bankruptcy filing in 2001. Nasser became the nonexecutive chairman of Polaroid. He ... served on the boards of a number of companies, including Allianz, British Sky Broadcasting Group, and BuyTV.
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Nasser, 57, joined One Equity Partners, a branch of Bank One Corp., in 2002. “Things were down,” he recalls. “Everyone was licking their wounds from the excesses of the 1990s. It was a fortunate time to buy companies.”
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