Dubai – Mubasher: Drake & Scull International (DSI) on Thursday announced the appointment of a new chief financial officer (CFO) effective 5 July.

DSI has appointed PG Raut as its new CFO, replacing Feras Khalthoum who will "transition to assume a new role in DSI as its Chief Restructuring Officer," the company said in a filing to the Dubai Financial Market (DFM).

Prior to his appointment in DSI, Raug was CFO of Al Shafar General Contracting.