Bahrain’s ship repair and fabrication yard ASRY has appointed Magdy Sharkawy as the acting CEO of the company, replacing Andy Shaw who has been transferred to an advisory role.
Sharkawy has served 38 years in ASRY and his current role is the general manager of ASRY Ship Repair.
A transition is currently underway to ensure a smooth handover of all responsibilities and projects in progress.
“Andy re-joined ASRY almost three years ago with the mission to secure its future, and bring stabilisation to ASRY as it experienced difficult market conditions and internal challenges. Since then he has initiated a comprehensive organisational restructuring, as well as an operational overhaul that has reduced overhead costs. Safety levels are now at market-leading levels, and customer retention is now above 90%. These strong operational foundations, and more, have been achieved thanks to Andy’s excellent guidance, influence and leadership, and enable ASRY to move forward with the next phase of its turnaround. His input in an advisory role will ensure continuity as Magdy Sharkawy moves the company forward as acting chief executive,” said Shaikh Daij bin Salman Al Khalifa, chairman of ASRY.