CEO of Arabtec says a shake-up of the company is on the way
The CEO of Arabtec Hamsih Tyrwhitt said that a major shake-up of the company’s management is underway as part of its restructuring. He said that he has already put in one of five regional directors to replace someone that had retired. Arabtec has also appointed a CFO who will be joining in two weeks. There will be two other operating company MDs, a chief operating officer and a few other people, according to the CEO. He said that the shake-up had not involved widespread sackings, and in many cases is merely replacing acting heads or roles that have been vacant.
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