Depa PLC (“Depa”), the leading global interior solutions group, announces the resignation of the following non-executive directors from its board: Mr. Abdullah Al Mazrui and Mr Khalifa Al Romaithi.
Following these resignations, Mr. Muteb Al Shathri has been elected chairman of the board and Mr. Charbel Khoury has been appointed as non-executive director, with immediate effect.
Mr. Khoury is the Group Chief Executive Officer of Mazrui International LLC. He started his career in prominent legal practices in Lebanon and the UAE before assuming the role of Chief Legal Officer at Mazrui International LLC, where he was responsible for multiple jurisdictions and industry sectors. He holds a number of board positions across international organisations in which Mazrui International LLC has invested. Mr. Khoury has a Bachelor’s degree in International Law and Legal Studies, and a Master’s degree in Private Law, both from Sagesse University. In 2021, he also successfully completed the Harvard Business School executive education program.
Mr. Al Shathri, Chairman, commented:
“On behalf of Depa, the remaining board members and myself personally, I would like to thank Mr. Al Mazrui and Mr. Al Romaithi for their service to the group. They have each played an invaluable role during their respective tenure.”
Depa PLC
Tel: + 971 4 821 6666
David Holiday, Group Chief Legal Officer and Company Secretary
For more information, please refer to the corporate website: www.depa.com
Notes to editors:
Depa is a strategic management company specialising in global interior solutions. Depa’s key business units hold leading positions in their respective markets: Vedder, Depa Interiors and the Deco Group. Employing thousands of people worldwide, the Group’s operations are centred on two regional hubs: Europe and the Middle East.
Depa’s mission, shared by each of its key business units, is to deliver sustainability, profitability and performance for its clients, shareholders and employees. The Group’s five core values are integral to everything Depa does: transparency, integrity, accountability, professionalism and exceptional service.
Depa PLC is listed on the Nasdaq Dubai (DEPA: DU) and is headquartered in Dubai, United Arab Emirates.
Cautionary statement:
This document may contain certain 'forward looking statements' with respect to Depa's financial condition, results of operations and business and certain of Depa's plans and objectives with respect to these items. By their very nature, forward looking statements are inherently unpredictable, speculative and involve risk and uncertainty because they relate to events, and depend on circumstances, which may occur in the future. There are a number of factors that could cause actual results and developments to differ materially from those expressed or implied by these forward looking statements. All written or verbal forward looking statements, whether made in this document or made subsequently, which are attributable to Depa or any other member of the Group or persons acting on their behalf are expressly qualified on this basis. Depa does not intend to update any such forward looking statements.
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