Drake & Scull International (DSI) announced the appointment of Dr. Fadi Feghali as the group chief executive officer, with effect from 1 April 2018.
Dr. Fadi currently manages DSI’s international business units since joining the company in October 2017, and he will be overseeing all aspects of strategy and business implementation for the global DSI Group of companies in his new role.
Commenting on the appointment, Engr. Abdulla Atatreh, chairman of DSI stated: “We are pleased to have Dr. Fadi Feghali as the group chief executive officer for DSI. He is an esteemed expert in the EPC sector and has a stellar track record of leading the operations for complex and largescale engineering projects in the region.
"We believe that our comprehensive organisational overhaul and structural reforms have reached a significant milestone with the appointment of Dr. Fadi Feghali, who worked closely with the board of directors and the new management team that was appointed in October 2017 and played an important role in our rigorous assessment of DSI’s global businesses and their challenges.
"His performance driven vision, global experience, and business acumen will prove vital for DSI and we are confident that under his leadership, the company will tap into its vast potential of historic legacy and regional presence and leverage them to create a sustainable pipeline of growth-oriented outcomes.”
Dr. Fadi added: “I thank DSI’s board of directors and the global management team for entrusting me with the honour of leading the DSI Group as the Group CEO. DSI PJSC is a dynamic organisation with a rich history that spans more than 135 years across Europe, MENA, and Asia, with an unmatched legacy of values, excellence, innovation, and a work ethic that remains second to none. In our five decades in the region, we have constantly evolved to meet the demands of an ever-changing business environment. I am enthusiastic about the opportunities to build upon our base of engineering skills, global experience, and the region’s most talented and motivated workforce, as we aim to deliver improved results and generate value for our investors and partners.”
Dr. Fadi currently manages DSI’s global subsidiaries and operations. He previously served as the managing director of Al Husam Group.
DSI successfully completed a capital restructuring programme during the end of last year, and recently announced that it is targeting to issue a sukuk convertible into equity in the second quarter of 2018.