Arabtec Holding, a leading contractor for social and economic infrastructure, has announced that Peter Pollard will handover the role of Group Chief Executive Officer to Wail Farsakh, currently Group Chief Operating Officer (GCOO) for Arabtec.
Farsakh joined Arabtec as GCOO in September 2019 and has primarily focused on restructuring Arabtec’s construction business.
Farsakh has over 33 years’ experience in the UAE starting as a structural engineer, progressing to General Manager. During this tenure, Farsakh has delivered civil, marine, roads, retail, residential and hospitality projects.
Farsakh holds a Bachelor and a Master of Science in Civil Engineering from the University of Iowa and an MBA from Bradford University.
Arabtec Holding's board has also announced the appointment of Najeh Awad as the new Acting Group Chief Financial Officer.
He has over 27 years’ of international and UAE experience in finance, risk, investments and operations.
Awad had earlier worked with Ernst & Young, PWC and JP Morgan in the US and in the
UAE with Abu Dhabi General Services (Musanada) as CFO, the real estate and project management arm of Government of Abu Dhabi.
Most recently, he was Group CFO for Abu Dhabi-listed Abu Dhabi Ship Building. He brings a deep understanding of contracting, along with strong relationships with key stakeholders within Abu Dhabi and Federal Government, Regulators and Banks.
Awad holds a Bachelor’s degree in Accounting and Minor degrees in Economics from the University of Jordan and qualified CPA, GCMA and licensed to practise in the US.
Lauding the appointments, the board members said: "We would like to take this opportunity to thank Peter for his leadership and commitment over the past three years, which has allowed Arabtec to rebuild a long-term leadership team."
In the past eight months, considerable progress has been made in closing out legacy
projects, strengthening line and project management and closely aligning the group’s construction related businesses, it added.-TradeArabia News Service