Dhabi Group of Companies is pleased to announce the appointment of Tanveer Awan as its Chief Executive Officer.
Awan, former Managing Director with Alvarez & Marsal, brings 15+ years of experience focused on turnarounds and transformations. Awan has successfully transformed multiple businesses by improving their financial, commercial, and operational performance. Prior to joining Dhabi Group, Awan worked with Alvarez & Marsal, Bain & Company and Schlumberger in GCC and Europe.
Awan earned a master’s degree in engineering (sivilingeniør) from Norwegian University of Science and Technology in Trondheim Norway, and an MBA from IMD in Lausanne Switzerland.
Ms. Dominique Russo will be departing to address family health issues requiring extensive travel. However, she will continue to assist the Group in ensuring a successful transition.
Speaking on the changeover, she commented, “I welcome Tanveer to the group and am confident that his skill set as well as leadership experience will be of tremendous value to Dhabi.”
Karma at its best!!! Domonique Russo was a disaster. Her short claim to fame was not on merit but fooling the Sheikh about her capabilities and false accusations against previous management. She met her fate….
If Dhabi group is of Sh Nahyan بن Mabark Alnahyan then no one knows better than me why they are failing in selecting which ultimately make them to change with short span of time
Yeah right. You know since you’re so smart. Care to share or continue to live in your own intrigues
Finally Russo got kicked out…zero performance only bs and getting paid upto her nose….
how do you know?
family issues my foot….. LOLZ… she was fired by calling her to the majlis by Shaikh :)
The fact of matter is purely performance. A real bad performance by CEO Russo.
In most of the CEO firing cases, there is this personal reason to leave. A decent and fine goodbye to Russo by Sheikh. She had played enough with Shekihs investment portfolio in the last one year.
Most of the projects are in problem, either on hold or due returns are not coming, just because of poor decision making. Just a few years ago BAL shares came down to 30s from 60s, a half in loss and same is the case with Wateen Telecom, the company is on a ventilator. Wateen is like a sister left unmarried and its gaining grace with time. A fat big animal that neither lays eggs nor it gives any milk, it only eats to survive and there is no one in the world interested in this kind of venture. A total mess up by Russo. Billions of dollar loss.
The most successful telecom merger in Pakistan’s history was of Warid/Jazz merger, a win win deal. Jazz didnt pay a single penny to Dhabi Group for the past few months just because of the bad management by Dhabi Group. Then there is a hole in the center of Lahore, a land for Tavuuan Towers, a nightmare project which has no legs and head.
Its a very good decision because the Sheikh wants performance and lets hope this new gentleman Tanveer Awan could satisfy Sheikh well in managing its extensive investments portfolio.
Is this group also control Bank Alfalah? If yes, since she came and new CEO Atif the bank perfromance has gone really down. Poor service and very low share value
Russo is known in Saudi as a trouble maker and now all Shaiks avoid her. She is problem and destroy every company she lands as she has no management experience
i met her with her deputy edward hurt last year and found both of them completely clueless about what they were talking. hope Shaikh find someone reasonable to represent him.
good riddance! finally a Pakistani origin person. Shaikh’s miseries have always been doubled by these gora people. people in banking community doesn’t trust this group and its owner anymore. the ceo position is like a game of musical chairs…i have seen this group closely, it had some good people in the past but don’t know where they are now?