Depa PLC (“Depa”), the leading global interior solutions group, today announces the resignation of Mr. Abdullah Al Turifi as its independent and non-executive Vice Chairman due to other commitments. Mr. Turifi was also chairman of the Board’s Nomination & Remuneration Committee. He resigned from his position effective immediately as at today’s date.
Mr. Mohamed Al Mehairi, Chairman of Depa PLC, said: “Mr. Abdullah Al Turifi played an invaluable role during his tenure and on behalf of the Board, I thank him for his service and wish him well for the future.”
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David Holiday, Group Chief Legal Officer and Company Secretary
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Notes to editors:
Depa is a strategic management company specialising in global interior solutions. Depa’s four key business units hold leading positions in their respective markets: DSG, Vedder, Depa Interiors and Deco Group. Employing thousands of people worldwide, the Group’s operations are centred on three regional hubs: Asia, 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.
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.