Dubai – Mubasher: Arabtec Holding’s board of directors on Wednesday announced the appointment of Peter Pollard as the company’s acting CEO as Hamish Tyrwhitt has stepped down.
Pollard has joined Arabtec in April 2017, bringing a 30-year of experience in both the construction and property sectors in the UAE to the group, the Dubai-based builder said in a statement.
The board commented: “We would like to take this opportunity to thank Hamish for his efforts and we look forward to supporting Peter in his role as Acting GCEO. Peter has been instrumental in driving the company forward, in line with the Group’s strategic priorities.”
“Peter will continue to focus on aligning our business with the UAE’s national agenda, productivity, efficiency and innovation being key drivers in positioning Arabtec as a competitive business, and developing the future Emirati leaders who joined the group during 2018,” the board added.
Earlier today, Arabtec reported a net profit of AED 30.18 million for the first quarter of 2019, versus AED 65.84 million in Q1-18.
