The Emirates-based shipyard, Gulf Craft, has announced that Gregory Yeakle will be stepping down as the company’s CEO. “As part of Gulf Craft’s growth and development plan and the ongoing re-structuring, the Board of Directors has determined that chairman Mohammed Hussein Alshaali will be assuming the role of Executive Chairman of the company,” the company said.

Gulf Craft says it will continue its restructuring plan and several other announcements will be made in the months to come. “Gulf Craft’s Board of Directors along with its workforce passes its appreciation to Gregory Yeakle for the contribution he has put into the shipyard, wishing him the very best in his future endeavours,” the company concluded.