UAE-based Arkan Building Materials
Company has announced that its CEO Abdellatif Sfaxi has resigned from his post to pursue other career opportunities.
Following this, the board of directors have appointed Chief Operating Officer Engineer Abdelaziz Asad as the acting CEO.
Under the new arrangement, Sfaxi will continue to work closely with Asad for the next three months to ensure a smooth transition.
Despite the challenging market environment for construction industry, the business continues to perform well, with a broad portfolio of products and a strong order book.
On the development, Chairman Engineer Jamal Salem Al Dhaheri said: "On behalf of Arkan’s board, I would like to thank Sfaxi for his 12 years of service to the company. During his tenure as CEO he has reinforced Arkan’s market leadership, driven a broader product diversification, helped open new markets with innovative product solutions and driven efficiencies to address the challenging market environment in recent years."
Al Dhaheri said: "Asad is well suited for the role of acting CEO at Arkan given the many years he spent in senior management roles across the business."
Asad has nearly 30 years of experience in the building materials sector. Since he joined Arakan in 1991 he has held a wide range of senior management roles across the company.
"He will be supported by a strong executive management team enabling him to lead the business in the best interests of all stakeholders, positioning the Company for the current market cycle and future economic recovery," he added.-TradeArabia News Service
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