Dubai, July 21, 2010- The Board of Directors of Zawya has today announced some planned management changes. Ihsan Jawad, co-founder of Zawya, who has been one of the key figures in developing the company will be stepping down as CEO, and will assume the position of Vice-Chairman on the Zawya Board.
With this change, the Board is also pleased to announce that Gunnar Skoog will become acting CEO, reporting directly to the Board. Gunnar has been with Zawya for over a year and has a proven track record of building businesses with over 20 years experience of general management with companies such as Electrolux, Intrum Justitia and Meretec. Gunnar will be supported by Jean-Marc Paufique as GM who has a wealth of international media industry experience, having worked for Thomson Reuters for 20 years before joining Zawya two years ago. We believe this is a strong senior management team combining multinational general management skills with international media industry experience.
Sabah al-Binali, Chairman of the Zawya Board comments, "Some of the most successful businesses are those that have a founder with a strong entrepreneurial spirit such as Ihsan Jawad. Ihsan has played a key part in developing the company and growing it into the successful business it is today. In line with Zawya's strategy and succession planning the Board is delighted that Ihsan remains involved with the company and would like to take this opportunity to thank Ihsan for his immense contribution."
"Having co-founded Zawya and helped develop the business over the last ten years I am proud of the success that we have achieved. It is time, however, that new management oversees the next growth stage of the company." said Ihsan Jawad.
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About Zawya
Zawya enables over 750,000 professionals with the means to find and connect to the right business and investment opportunities in both private and public markets across the Middle East. Zawya's wide range of unique online content and tools includes detailed company profiles, timely aggregated news such as Zawya-Dow Jones, leading industry and asset class research, as well as an exclusive online network. Headquartered in the UAE, Zawya also has physical presence in Saudi Arabia and Lebanon. For more information visit www.zawya.com
For further information, please contact:
Rasha Kashkoush
Hill & Knowlton -
Mobile 050 450 6533
Email: rasha.kashkoush@hillandknowlton.com
© Press Release 2010
With this change, the Board is also pleased to announce that Gunnar Skoog will become acting CEO, reporting directly to the Board. Gunnar has been with Zawya for over a year and has a proven track record of building businesses with over 20 years experience of general management with companies such as Electrolux, Intrum Justitia and Meretec. Gunnar will be supported by Jean-Marc Paufique as GM who has a wealth of international media industry experience, having worked for Thomson Reuters for 20 years before joining Zawya two years ago. We believe this is a strong senior management team combining multinational general management skills with international media industry experience.
Sabah al-Binali, Chairman of the Zawya Board comments, "Some of the most successful businesses are those that have a founder with a strong entrepreneurial spirit such as Ihsan Jawad. Ihsan has played a key part in developing the company and growing it into the successful business it is today. In line with Zawya's strategy and succession planning the Board is delighted that Ihsan remains involved with the company and would like to take this opportunity to thank Ihsan for his immense contribution."
"Having co-founded Zawya and helped develop the business over the last ten years I am proud of the success that we have achieved. It is time, however, that new management oversees the next growth stage of the company." said Ihsan Jawad.
-Ends-
About Zawya
Zawya enables over 750,000 professionals with the means to find and connect to the right business and investment opportunities in both private and public markets across the Middle East. Zawya's wide range of unique online content and tools includes detailed company profiles, timely aggregated news such as Zawya-Dow Jones, leading industry and asset class research, as well as an exclusive online network. Headquartered in the UAE, Zawya also has physical presence in Saudi Arabia and Lebanon. For more information visit www.zawya.com
For further information, please contact:
Rasha Kashkoush
Hill & Knowlton -
Mobile 050 450 6533
Email: rasha.kashkoush@hillandknowlton.com
© Press Release 2010
