Embattled Abu Dhabi family-owned conglomerate Al Jaber Group on Wednesday said it appointed Panicos Euripides as its new chief executive.
The statement didn’t give Mr Euripides’ previous role, although his LinkedIn page states he was chief executive of Dubai-based ETA-Ascon Construction.
Mr Euripides replaces David Nelson, who left Al Jaber in January this year.
The group, whose main business is construction but also has interests in areas from retail to aviation, in August appointed Ala Khannak as its new chief financial officer.
Al Jaber has struggled in recent years with its debt burden after borrowing heavily to fuel its expansion. It sealed a drawn-out debt restructuring agreement in June 2014 but sources told Reuters in July this year it was talking to its banks once again about revising the terms.
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COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
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Moon Music
Artist: Coldplay
Label: Parlophone/Atlantic
Number of tracks: 10
Rating: 3/5
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Jigra
Starring: Alia Bhatt, Vedang Raina, Manoj Pahwa, Harsh Singh
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The specs: 2018 Maxus T60
Price, base / as tested: Dh48,000
Engine: 2.4-litre four-cylinder
Power: 136hp @ 1,600rpm
Torque: 360Nm @ 1,600 rpm
Transmission: Five-speed manual
Fuel consumption, combined: 9.1L / 100km