Qatar-based marine transport and logistics conglomerate Milaha said that its President and CEO, Khalifa Ali Al-Hetmi, will retire in September.
Having joined Milaha 31 years ago, Al-Hetmi has been at the helm of Milaha for the past 7 years.
During his tenure as CEO, he oversaw the strategic acquisition of Qatar Shipping and Halul Offshore Services in 2010, and was responsible for the subsequent transformation of the newly created group and the launch of the Milaha brand in 2011.
Sheikh Ali bin Jassim Al Thani, Chairman of Milaha , said: “ 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.”
“Our sustained growth in the past few years in is large part due to the hard work and dedication of our colleagues, which enabled us to thrive even during downturns and strengthen our business. I am confident that the Milaha success story will continue to grow on the foundation we have worked so diligently to lay down, ” Al-Hetmi said.
Al-Hetmi will remain in his position until a successor has been appointed.