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Mon 13 Jan 2020 02:15 PM

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UAE's only superyacht builder reveals top-level shake-up

Gulf Craft says it progressing a sweeping management restructure that aims to set the company on a course towards continued growth

UAE's only superyacht builder reveals top-level shake-up

The UAE's only superyacht builder, Gulf Craft.

The UAE's only superyacht builder, Gulf Craft, said on Monday it is progressing on a sweeping management restructure that aims to set the company on a course towards continued growth. 

In a significant move for the UAE-based family business, Abeer Alshaali takes the helm as acting CEO under the chairmanship of her father Mohammed Alshaali.

Other appointments in the executive management see Nizar Tagi appointed as chief commercial officer and Paul Gray as chief operating officer. 

As part of the restructuring, which comes in the wake of Gregory Yeakle leaving the role of CEO, Notis Menelaou has also stepped down as vice president of sales, a statement said. 

Chairman Mohammed Alshaali has been leading these structural changes as part of future planning and preparing the shipyard for further expansion into other markets.

“The shipyard has to grow efficiently” he said. “Following our debut in the US market late 2019 and our aggressive development plan, we are empowering the shipyard through a team of experts who are able to solidify the new wave of yachting.”

Alshaali, who is also a board member of the Ajman Media City Free Zone, added: “It’s a huge honour for me to take such an important job in a company that has been an integral part of my life since I was young. My objective is to maintain the progress made in recent years and capitalise on substantial growth opportunities in the industry.”

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