Gulf Air in crisis as new CEO quits

Friday, 24 Jul, 2007 0

MANAMA: Gulf Air is in crisis after the resignation of president and chief executive Andre Dose.

The Gulf Daily News said Gulf Air chairman Mahmood Kooheji, board members and management officials were locked in talks, without conclusion.

Dose succeeded Australian James Hogan as CEO of Bahrain-based Gulf Air four months ago.

The newspaper quoted sources that said the resignation followed allegations made against the management team, but would not elaborate.

“With what happened this morning, the management had no choice but to resign, because they don’t think it is a healthy situation to go forward with such allegations being made against them,” sources said.

“Mr Dose has submitted his resignation and the board does not have a clue what to do about it.

“The board of directors have not made a decision to accept the resignation.

“They do not have a clue when they wake up tomorrow morning who is going to manage the company, if Andre Dose does not.

“Nobody knows whether Gulf Air still has a chief executive. It is in limbo.”

The crisis comes days after Gulf Air confirmed that it was helping police with inquiries into a criminal investigation into suspected financial irregularities, spanning several years.

UK-based forensic auditors Kroll are also understood to be going through the airline’s books with a fine toothcomb.

It is understood that Dose had clashed with the board over his authority to run the airline.



 

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Ian Jarrett



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