Hamish Tyrwhitt will step down as group chief executive officer (CEO) of Nasdaq Dubai-listed interior construction and manufacturing firm Depa Group, effective 1 May, 2019.
According to a statement on Nasdaq Dubai, Tyrwhitt will, between now and his departure, “assist with the planned and orderly transition and handover to his successor”.
Tyrwhitt, who will remain on Depa’s board as a non-executive director, was appointed group CEO in April 2016.
Depa said he has been responsible the company's transformation, adding: “In particular, Hamish has played a key role in resolving several legacy issues and embedding a performance-driven culture, with increased collaboration between Depa's [operating companies].”
Speaking on the news, Mohamed Al Mehairi, chairman of the board, said: "[Tyrwhitt] has demonstrated great leadership throughout his tenure and has been a truly transformative influence on Depa. I look forward to [his] continued support and valued guidance as a non-executive director of the board.
As reported by Construction Week in August 2018, Depa Group's contract win for a prestigious Riyadh transport project bolstered its revenue growth during the first six months of the year.
At the time, the fit-out company, a subsidiary of construction heavyweight Arabtec Holding, said its revenues increased by 2% year-on-year, rising from $227m (AED834.6m) in H1 2017 to $232m (AED852.2m) in H1 2018.
Trywhitt, who is also the group CEO of Arabtec Holding, is one of the leaders who was featured in the 2018 Construction Week Power 100 list, ranked as the third most-influential person in the Middle East's built environment last year.