Doha: Qatari maritime conglomerate Milaha has announced today that president and ceo, Khalifa Ali Al-Hetmi, will retire in September.
Al-Hetmi has been in the role for 7 years, having joined 31 years ago, and will support the company during the transition once a successor has been appointed.
Sheikh Ali bin Jassim Al Thani, chairman of Milaha, commented: “All of us at Milaha are sad to see Mr. Al-Hetmi go. Not only has he been an integral part of the company’s development and the transformation of the group, but his excellent leadership has led to the creation of a sustainable and successful business model that will continue to generate returns for shareholders in the years to come.”
Despite the recent decline in oil prices, Al-Hetmi leaves the company in good shape. He told Maritime CEO in an exclusive interview last month that the extremely diverse set-up at Milaha is seeing it get through the drop. “At the end of the day, being flexible and customer-focused is what determines your ability to weather downturns such as the one we are seeing now in the energy market,” he said.