Bahrain's Investcorp Appoints Kirdar As New Chairman - Gulf Business
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Bahrain’s Investcorp Appoints Kirdar As New Chairman

Bahrain’s Investcorp Appoints Kirdar As New Chairman

Kirdar will replace Abdul-Rahman Salim al-Ateeqi, who will retire as chairman at the end of the current fiscal year on June 30.

Investcorp, the alternative investment firm, has appointed Nemir Kirdar as chairman of its board of directors, effective from July 1, it said in a statement on Sunday.

Kirdar will replace Abdul-Rahman Salim al-Ateeqi, who will retire as chairman at the end of the current fiscal year on June 30. Ateeqi has served as chairman since the company’s inception in 1982.

Bahrain-based Investcorp announced in October that Kirdar would retire in June 2015 from his positions as executive chairman and chief executive.

Mohammed al-Shroogi, president of Gulf business, and Rishi Kapoor, chief financial officer, will become co-chief executives from July 1, subject to regulatory approval. Mohammed al-Ardhi, a non-executive board director since September 2008, will succeed Kirdar as executive chairman.

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