Middle EastTankers

Gulf Navigation’s board sees mass exodus

Photo of Holly Birkett Holly BirkettJanuary 14, 2016
8 Less than a minute

The chairman of Gulf Navigation’s board and six of its members have resigned from their positions, just under a month after the company named Parag Jain as its new CEO.

Dr Hazza Al Qahtani, the board’s chairman, has left his position as of today, as have board members Hakeem Al Otaibi; Nasser Al Kahtani, Captain Faisal Al Qahtani, Dr Sandeep Kadwe, Dr Majed Al Shamroukh and Abdulla Alharthy.

The Dubai-based tanker company gave no explanation for the exodus in its exchange filing today.

Jain had been Gulf Navigation’s acting CEO since May 2015, and has worked for the company since 2010.

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Photo of Holly Birkett Holly BirkettJanuary 14, 2016
8 Less than a minute
Photo of Holly Birkett

Holly Birkett

Holly is Splash's Online Editor and correspondent for the UK and Mediterranean. She has been a maritime journalist since 2010, and has written for and edited several trade publications. She is currently studying for membership of the Institute of Chartered Shipbrokers. In 2013, Holly won the Seahorse Club's Social Media Journalist of the Year award. She is currently based in London.
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