Ducab Group appoints new chief executive
Mohammed Al Mutawa will be the first Emirati to hold the position in the company
UAE cable maker Ducab Group appointed Mohammed Abdul Rahman Al Mutawa as its new chief executive as the company aims to increase its exports to more countries around the world.
Mr Al Mutawa, who was the chief executive of Ducab's cable business, will be the first Emirati to hold the position, Ducab said in a statement on Thursday. He replaces Andrew Shaw, who led the company for 13 years and will take on the role of board adviser for Ducab.
“This transition is evidence of Ducab’s commitment to the sustainable growth of the business and the UAE economy, paving the way towards a bright future upon the strong foundation of successes established under Andrew’s leadership,” Ahmad Bin Hassan Al Shaikh, chairman of Ducab Group, said.
Ducab is a subsidiary of Abu Dhabi's industrial holding company Senaat, which is part of ADQ, one of the region’s largest holding companies with a broad portfolio of enterprises spanning six sectors in Abu Dhabi. The Investment Corporation of Dubai also has a stake in the company.
During his tenure as the chief executive of the Ducab cable business, Mr Al Mutawa focused on growing the wire and cables export business that currently generates about 25 per cent of revenues for the company.
“As the new group chief executive, I look forward to Mohammed Al Mutawa continuing to work with all our stakeholders to grow Ducab, taking more ‘Made in UAE’ products to the world and developing local talent within the sector,” Jamal Salem AlDhaheri, vice-chairman of Ducab Group, said.
In recent years, Ducab Group has expanded its geographical footprint. The company's export markets have doubled to more than 30 countries over the past decade, with ventures such as Ducab Aluminium Company and Ducab Metals both contributing to growth.
The company has about 1,500 employees and posted revenue of $1.3 billion in 2019. It currently operates six manufacturing facilities across four sites in the UAE.
Mr Al Mutawa joined Ducab from Emirates Global Aluminium, the largest industrial company in the UAE outside the oil and gas sector, and played a key role in developing the company’s five-year strategic plan, according to the statement.
Published: January 14, 2021 01:07 PM