Drake & Scull International (DSI) has appointed Tawfiq Abu Soud as the group CEO for the company, effective 23 January 2019.
According to a Dubai Financial Market (DFM) filing, Soud will assume the responsibility of leading DSI’s operations from his predecessor Yousef Al Mulla.
This will be the third group CEO change in last 12 months, following Al Mulla and Dr. Fadi Feghali.
Soud has previously served managing director for DSI’s MEP and Water and Power subsidiaries. He was also the CEO for ADC Energy Systems, CEO for Arabtec Subsidiaries, and the operations director for Manco.
He holds an MBA from the University of Hull, and is a certified Mechanical Engineer (Southern Illinois University). He also holds certifications in Quality Assurance from the British AQMC Council and Martin & Martin, as well as Project Management for Engineers from ASCME, and Management Institute in California.
DSI is also concurrently coordinating with the external advisors and the Securities and Commodities Authority to call for a General Assembly Meeting in February 2019 to approve its organisational restructuring program.