Dubai, UAE; 26 October 2015: Depa Limited [Nasdaq Dubai: DEPA; "the Company"/"the Group"] today announces that Mr. Nadim Akhras has resigned, for personal reasons, as Group CEO.
Mohamed Al Fahim, Group Chairman has said "Depa is disappointed to lose Nadim as Group CEO. Over his 17 years in service, he has made countless contributions to the Group’s success story, playing an integral role in its expansion.”
Pending appointment of a permanent Group CEO and effective immediately, the Board's Steering Committee has been afforded Group CEO responsibilities (with Mr. Mohannad Sweid having particular oversight over the Group’s Middle East, Africa and USA markets and Mr. Roddy Maciver having particular oversight over the Group's Asia and Europe markets).
Depa will retain Mr. Nadim as a consultant to benefit from his acquired knowledge in the interior contracting industry.
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