In a significant move for the Emirates-based business Abeer Alshaali, daughter of Chairman Mohammed H. Alshaali, takes the helm as Acting Chief Executive Officer.

Other appointments in the executive management see Nizar Tagi appointed as Chief Commercial Officer (CCO) and Paul Gray as Chief Operating Officer (COO).

As part of the restructuring, which comes in the wake of Gregory Yeakle’s role as CEO being absorbed by the chairman mid-2019, Notis Menelaou has also stepped down as Vice President of Sales. Menelaou has been working with Gulf Craft for almost two decades.

Chairman Mohammed Alshaali has been leading these structural changes and more as part of future planning and preparing the shipyard for further expansion into other markets.

“The shipyard has to grow efficiently,” he stated.

“Following our debut in the US market late 2019 and our aggressive development plan, we are empowering the shipyard through a team of experts who are able to solidify the new wave of yachting.”