Al Futtaim board recast

Leading UAE business house Al Futtaim Group has gone in for a major restructure at the board level following a change in ownership.

Abdulla Hamad Al Futtaim is now chairman of the group. Omar Abdulla Al Futtaim is vice-chairman.

Earlier this month, Abdulla Hamad had acquired the balance 50 per cent ownership of the group in a shareholder buyout.

G.T.N. Heine, group director - finance, will now additionally hold the post of acting group managing director. He takes over from R.V. Huisman, who has retired.