Mehdi Amjad
, the founder and chairman of
, said today he did not play to hire a new chief executive after the former one left during a senior management shake-up. Angela Giuffrida reports today that Mr Amjad plans to take a "hands-on" role in the steering of the company in the rough economic waters.
Here are some choice quotes:
"The current environment requires my hands-on involvement to run the company like I have done in the last three years. I will continue to be the chairman and the CEO."
Of the two senior staff cuts - Peter Walichnowski, chief executive, and Alex Andarakis, director of sales and marketing:
"The CEO and sales and marketing director joined the company for the future growth that was to come, and obviously after the world reality changed, we had to change strategy and adapt to the current environment."
Some previous coverage of Omniyat Properties in The National
and
.
The company has been quite proactive about telling the public their strategy for surviving the downturn.
