Wednesday 15 August 2012

Dubai shake-up steals a governance march - FT.com

Dubai made the latest move in a sweeping management shake-up of its state-linked companies this week, announcing a number of changes at Dubai Holding’s hotel business, Jumeirah Group.
Dubai Holding, owned by the ruler of Dubai, installed a new non-executive chairman and board for Jumeirah Group, one of the emirate’s most successful domestic and international businesses.
Stephen Murphy, the former group chief executive of Virgin Group, was appointed non-executive chairman, while his predecessor Gerald Lawless was made president and group chief executive of Jumeirah, Dubai Holding said in a statement. Other appointments to the new board included executives from Hilton, the state-owned discount airline flydubai, and Dubai Holding itself.

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