Omar El-Quqa’s Resignation Sets a Precedent of Accountable Leadership (Re-post)

The Kuwaiti financial society will remember yesterday June 28th as the day Mr. Omar M. El Quqa, Advisor and former EVP of Global Investment House (GIH), resigned. Ironically, this day coincided with his and Global’s 11-year anniversary.

Mr. El-Quqa sent his resignation in the form of a letter to his co-workers. He began the emotional letter by stating that although he doesn’t approve of the new restructuring plans and believes that he is critically needed as an executive rather than a mere advisor; he agreed to the new position to alleviate the external pressures on Mrs. Maha Al Ghunaim. He further stated that Global promised him of a strategic role in the decision making process. However, Global broke their promises by excluding him from all committees and the decision making process.

Continuing on, Mr. El-Quqa shared his disappointment with Global for neglecting his efforts during the past 11 years and the fact that he significantly contributed to the transformation of Global into the best investment house in the MENA region. Nevertheless, Mr. El-Quqa praised Global and cherished his experience in it by stating that Global is not just a company but a vital part of who he is.