Dubai's Drake & Scull says chairman, CEO have resigned | ZAWYA MENA Edition:
Embattled Dubai-based contractor Drake & Scull has said that both its chairman and its chief executive have resigned from their posts following a board meeting on Tuesday.
The company said in a statement to the Dubai stock exchange that Abdullah Atatreh, who was appointed as chairman in September last year, would be replaced by independent board member Obaid Bin Touq, with a new independent board member, Abdullah Al Matrooshi, being voted onto the company's board. It did not give a reason for Atatreh's departure.
Meanwhile, the company also said that Yousef Al Mulla, who was only appointed to his post in August, had also resigned.
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