Zawya announcement

Published July 22nd, 2010 - 06:53 GMT
Al Bawaba
Al Bawaba

The Board of Directors of Zawya has today announced some planned management changes. Ihsan Jawad, co-founder of Zawya, who has been one of the key figures in developing the company will be stepping down as CEO, and will assume the position of Vice-Chairman on the Zawya Board.

With this change, the Board is also pleased to announce that Gunnar Skoog will become acting CEO, reporting directly to the Board. Gunnar has been with Zawya for over a year and has a proven track record of building businesses with over 20 years experience of general management with companies such as Electrolux, Intrum Justitia and Meretec. Gunnar will be supported by Jean-Marc Paufique as GM who has a wealth of international media industry experience, having worked for Thomson Reuters for 20 years before joining Zawya two years ago. We believe this is a strong senior management team combining multinational general management skills with international media industry experience.

Sabah al-Binali, Chairman of the Zawya Board comments, "Some of the most successful businesses are those that have a founder with a strong entrepreneurial spirit such as Ihsan Jawad. Ihsan has played a key part in developing the company and growing it into the successful business it is today. In line with Zawya's strategy and succession planning the Board is delighted that Ihsan remains involved with the company and would like to take this opportunity to thank Ihsan for his immense contribution."

"Having co-founded Zawya and helped develop the business over the last ten years I am proud of the success that we have achieved. It is time, however, that new management oversees the next growth stage of the company." said Ihsan Jawad.