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| :
: UAE Free Zones Newsletter - Issue 75 -
January 2009 |
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Who's Who? |
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| Aldar appoints John Bullough as
its new CEO |
John Bullough,
CEO, Aldar Properties
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Abu Dhabi-based Aldar Properties
said it had appointed its chief operating officer
John Bullough as the company's new chief executive
officer with immediate effect.
Outgoing CEO Ronald Barrott becomes an adviser to
the chairman while remaining a member of the board,
Aldar said in a statement.
A top executive of Aldar told Gulf News the company
had been planning the changes for a while.
"The company is changing focus. The business
required the changes... it's a management decision,"
said the Aldar executive. "Growth still remains a
priority. However, our obligation and focus are
necessarily now about executing against the
opportunities that have been built for our
shareholders, customers and partners," the Aldar
statement quoted chairman Ahmad Ali Al Sayegh as
saying.
Aldar also said it is in the final stages of
appointing a new chief operating officer.
Aldar's development of real estate projects across
its portfolio is estimated to have exceeded $72
billion in terms of value with the entire portfolio
slated to be completed and delivered over a period
of seven to 10 years. |
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Courtesy Al
Nisr Publishing LLC |
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Hot
properties in UAE - Freehold |
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