Aujan Industries chief executive Alex Andarakis will today announce his shock resignation from the drinks giant, less than three years since taking the helm, ArabianBusiness.com can exclusively reveal.
It is understood that Andarakis will later this week be unveiled as Emaar’s new Worldwide Marketing Director.
Andarakis was the first non-family member to run Aujan in over 100 years, and enjoyed spectacular success during his tenure. He implemented the company’s 555 strategy – to achieve US$500 million sales over five years with five brands. Under him, sales have doubled to over US$250 million.
Andarakis is thought to have resigned in person to Aujan chairman Adel Aujan last week, and the company’s 2000 plus staff will be informed of the decision later today.
Aujan officials told ArabianBusiness.com a full statement on Andarakis is future will be released later today.
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