Abu Dhabi – Mubasher: Maritime organisation Al Seer Marine Supplies and Equipment, a subsidiary of the listed International Holding Company (IHC), has appointed Gunther Alvarado as its Deputy CEO, according to a bourse filing.

Alvarado will be working closely with Al Seer Marine’s CEO, Guy Neivens, to offer valuable guidance, oversee strategic initiatives, and ensure that the firm maximises the potential of its assets which currently stand at more than AED 9.10 billion.

The new Deputy CEO has been a member of Al Seer Marine since 2013 and he is bringing more than 20 years of maritime industry experience. He was promoted to COO at Al Seer Marine in 2021.

CEO of Al Seer Marine, Guy Neivens, said: "With Gunther as Deputy CEO, we are poised to reach even greater heights, fostering innovation and achieving unprecedented success for our investors and stakeholders."

From his part, Alvarado noted: "This appointment reflects our unwavering commitment to innovation, excellence, and sustainable growth.”

The Deputy CEO concluded: “I am determined to advance our pioneering initiatives in green shipping and zero-emissions technology, furthering our world-leading 3D printing capabilities, and solidifying Abu Dhabi and the UAE as global leaders in maritime excellence.”

In 2023, Al Seer Marine shifted to net losses of AED 1.02 billion yet its revenues soared to AED 1.23 billion.