Qatar’s Milaha says CEO steps down

Qatar’s Milaha, a major shareholder in LNG shipping giant Nakilat, said its president and CEO, Abdulrahman Essa Al-Mannai, has decided to leave the company after almost seven years at the helm.

Milaha said in a statement on Tuesday that Al-Mannai has resigned in order to “pursue other duties”.

Al-Mannai has led Milaha since September 2015. Prior to joining the shipping firm, he held various leadership positions at LNG producing giant Qatargas, a unit of QatarEnergy.

Mohammed Abdulla Swidan, Milaha’s executive VP for offshore and marine services, will now take over as interim president and CEO of the company.

“Al-Mannai has played a vital role in the company’s development, in-line with Milaha’s vision and strategic plans set by the board,” Jassim bin Hamad bin Jassim Jaber Al-Thani, chairman of Milaha’s board of directors said in the statement.

“His efforts resulted in creating a successful and sustainable business model, which will enable the group to continue achieving future growth and development,” he said.

Milaha boosted its stake in world’s largest LNG shipping firm Nakilat back in 2019 to about 36.3 percent. In addition, Milaha owns two LNG carriers and has stakes ranging from 15 to 29 percent in six LNG vessels, according to the company’s website.

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