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Wednesday, 22 February 2012

Al Jaber in top management reshuffle amid debt talks: sources | Alrroya

Al Jaber Group, a family-held conglomerate in the midst of a $1-billion plus restructuring, will hire a new chief executive to replace the founder's son in a management reshuffle that also saw a new finance chief appointed late last year, three sources told Reuters on Wednesday.

A recruitment firm has been retained to bring in a new CEO, replacing Mohammed al-Jaber, the son of the group's founder and chairman Obaid al-Jaber, two of the sources said, speaking on condition of anonymity.

In addition, Richard Hollands was hired in November as chief financial officer from an Emirates airline unit.