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Dar Global PLC announced that Shivaraman Iyer stepped down from its Board as an Executive Director, effective 8 August 2023, but will continue as Chief Financial Officer. Additionally, David Hunter retired from his appointment as Chair of Custodian Property Income REIT plc, also effective 8 August 2023.
| Date | 9 Aug 2023 |
| Time | 16:11:08 |
| Category | Board changes |
| ID | 8439I |
9 August 2023
LEI: 213800XRFXQ1KEWACW80
Dar Global PLC
("Dar Global" or the "Company")
Director Resignation
and Director Declaration
Dar Global announces that Shivaraman Iyer stepped down from the Board as an Executive Director of the Company with effect from 8 August 2023. Mr Iyer will continue in his role as Chief Financial Officer of the Company and will also remain part of the Company's executive management team.
Following the change, the Board will comprise David Hunter as Chair of the Company, Maurice Horan and Richard Stockdale as Independent Non-Executive Directors, Yousef Al-Shelash as a Non-Independent Director and Ziad El Chaar as Chief Executive Officer. The Board consider the composition of the Board to be appropriate to fulfil the current strategic and governance needs of the business.
David Hunter, Chair of the Dar Global board comments:
"We are most grateful to Mr Iyer for his contribution to the Board since the Company's incorporation. We are delighted that Mr Iyer will continue in his role as Chief Financial Officer of the Company."
In addition, as announced by Custodian Property Income REIT plc ("CPI") on 9 August 2023, David Hunter has retired from his appointment as Chair of CPI with effect from 8 August 2023.