UAE-founded hospitality company, Time Hotels, has promoted Richard McGrath to chief financial officer, as the hotel group continues to expand its senior management expertise and portfolio of regional properties.
A member of the Time group for more than six years, McGrath will work closely with group CEO, Mohamed Awadalla, across all areas of operation, which covers properties in three countries.
“Richard’s insider knowledge and international financial background is integral to the further development of Time Hotels’ financial and operational strategies; and he will be spearheading the construction and monitoring of reliable control systems and the reporting of accurate financial results as we continue on our growth trajectory,” said Awadalla.
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McGraths’s professional pedigree covers the full spectrum of financial accountability, including administrative requirements and risk management operations, as well as insurance coverage, management of capital requests and budgeting processes.
He also has extensive experience in managing the financial operations of subsidiary companies and the ongoing development and monitoring of control systems designed to preserve company assets.
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