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, a statement said.

Gulf Craft will continue its restructuring plan and several other announcements will be made in the months to come, it added.

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.

As the Emirate’s pioneering shipyard set up in 1982, Gulf Craft continues to enthral the world with the finest “Made in UAE” luxury yachts and leisure boats.