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30 Aug 2012 08:44
European Islamic Investment Bank plc
30 August 2012
Board change
EIIB ("the Company" or "the Bank") announces the resignation, with immediate effect, of Mr Shabir Randeree, a Non-Executive Director of the Company, due to external work pressures. Mr Randeree, having served on the board since inception, was Chairman of the Bank from February 2011 to December 2011 and subsequently chaired the Bank's Audit Committee.
Commenting on his departure, the Chief Executive, Mr Zulfi Caar Hydari, said,
"It has been a pleasure to work with Mr Randeree; his knowledge, professionalism and dedication to the Company have been exemplary. On behalf of the board, I wish him every success in his future endeavours."
Mr Randeree will remain an advisor to the Chief Executive.
Mr John Wright has succeeded Mr Randeree as Chairman of the Bank's Audit Committee.
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