It is with profound sadness that we announce the sudden passing of our Group Chief Executive Officer, Mr. Haitham Tuqan, who passed away early on 15 September due to an unexpected health event.
Mr. Tuqan was a visionary leader whose contributions over his tenure profoundly shaped our company’s direction and success. He was not only a remarkable CEO but also a trusted colleague, mentor, and friend to many. His leadership and commitment to excellence have left an indelible mark on the company, and he will be deeply missed.
In light of this loss, the Board of Directors has appointed Mr. Nader Mardini, the current Group Chief Financial Officer, as the interim Group CEO. Mr. Mardini is a highly experienced and trusted leader within the company, with a deep understanding of both our business operations and strategic priorities. The Board is confident in his ability to lead the company through this transitionary period, ensuring stability and continuity. Under his leadership, we are assured that the company’s commitments and operational goals will continue to be met.
Nader will remain in the position until further notice. In the meantime, Mr. Mardini’s proven leadership, together with the strength of our wider management team, will ensure that the company remains on course during this critical period. The Board will provide its full support to Mr. Mardini and the executive team throughout the transition.
The Board of Directors and the executive leadership team extend their deepest condolences to Mr. Tuqan’s family. We are grateful for his leadership and legacy, which will continue to inspire us
For further information, please contact:
Depa PLC
Tel: +966 11 515 0666 | +971 4 821 6666
Nader Mardini, Interim Group Chief Executive Officer
David Holiday, Group Chief Legal Officer & Company Secretary
For more information, please refer to the corporate website: www.depa.com
Notes to editors:
Depa is a strategic management company specializing in global interior solutions. Depa’s key business units hold leading positions in their respective markets: Vedder Group, Depa Interiors Group, and Deco Group. Employing thousands of people worldwide, the Group’s operations are centered 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 (Ordinary shares: DEPA: DU) and (Ordinary Class A Shares: DEPACLA: DU) and is headquartered in Riyadh, Kingdom of Saudi Arabia.
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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