MMG appoints Milligan as its new CEO

11/06/2014 06:47 AST

Saudi contractor Mohammad Al Mojil Group (MMG) has announced that its board of directors has decided to terminate the contract of CEO Stewart Macphail, who had been leading a battle to turnaround the ailing business for the past two years. The company has appointed William Milligan as its CEO with immediate effect. In a statement, MMG said: "This resolution has been made to address the company moving forward with continuous improvement and phased re-structuring plans by strengthening both technical and engineering capabilities of executive and senior management.” It added that Milligan "has outstanding leadership qualities within the oil & gas and Power Sectors, with 20 years-plus experience in executive management roles in Saudi Arabia, UAE, China, Asia and Australia. "The board wishes to thank Mr. Stewart Macphail for his efforts and contribution to the company during his period of tenure." Macphail was a company turnarounds specialist who was drafted in after the company had replaced its previous CEO Ibrahim Zadeh after just six months in the role. The firm experienced a series of disastrous financial results in 2011/12


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