Dubai World appoints new CEO and COO

Dubai World has announced the appointments of Jamal Majid Bin Thaniah as group chief executive officer, and Maryam Sharaf as group chief operating officer. The company has not specified a date for assuming these positions, the Shipping Gazette reported.

"Both the posts are newly created as part of initiatives to streamline the group's overall business operations in view of the global financial crisis, and to usher in a new economic era," a statement from the group said.

It said Mr Bin Thaniah is currently executive vice chairman of DP World and group CEO of Ports and Free Zone World, and has headed an internal management task force that reviewed the business plans of group companies.

In line with this decision, group companies will report directly to the group CEO. In his new capacity as group CEO, Mr Bin Thaniah will work closely with the chairman and the Board of Directors to oversee on-going business restructuring measures, execute investment strategy and be responsible for managing the holding company's business.

Maryam Sharaf, presently the group's chief financial officer, in her new position will be responsible for the group's overall investment and operational management, including that of Dubai World's shared services such as IT, Human Resources, Legal Affairs, Palm Utilities and Imdaad. She will retain her role as group CFO until a replacement is appointed.

Sultan Ahmed Bin Sulayem, chairman, Dubai World, said: "I am pleased to announce the appointment of some of the most efficient and experienced leaders in Dubai World to these key positions. These officials have succeeded in their roles because of their outstanding skills and I am confident that their expertise will add value to the growth of Dubai World.
Separately, Abdul Wahid Al Ulama has been named the new vice chairman of Retail Business, Dubai World. In addition, Hamza Mustafa will join Istithmar World from Nakheel as managing director, Real Estate.

 

(Source: Transport Weekly)