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Al Seer Marine Expands Leadership Team with the appointment of Gunther Alvarado as Deputy CEO

Abu Dhabi, June, 2024: Al Seer Marine (ADX: ASM), a global maritime organization headquartered in Abu Dhabi and a subsidiary of International Holding Company (ADX: IHC), announced the appointment of Gunther Alvarado as Deputy Chief Executive Officer, as part of its ongoing commitment to excellence in the maritime industry.

Gunther Alvarado has over 20 years of maritime industry experience and has been a member of Al Seer Marine since 2013, during which time he has held various roles including Head of Yacht Management & Marine Operations before being promoted to COO in 2021. In his new role, Gunther Alvarado will work closely with CEO Guy Neivens to provide valuable guidance, oversee strategic initiatives, and ensure that the company maximises the potential of its assets, which currently exceed AED9.1 billion, to remain at the forefront of the maritime industry.

Gunther Alvarado's leadership has been a key to success across multiple facets of Al Seer Marine's business, having spearheaded the expansion of the company's commercial fleet and establishing Al Seer Marine as a leader in regional maritime operations. During his tenure and whilst supporting the UAE's strategy to become a major superyacht destination, his expertise guided Al Seer Marine to a leading position in regional superyacht operations, with Al Seer Marine currently managing the largest superyacht fleet in the Middle East. Gunther Alvarado was also the driving force behind expanding the company's naval capabilities and portfolio by reaching agreements with global players in the naval industry. His efforts in efficiency, market expansion, innovation, and strategic vision have significantly impacted Al Seer Marine and the UAE's maritime landscape.

Guy Neivens, CEO of Al Seer Marine, commented: "Gunther Alvarado's insightful leadership and relentless dedication have been instrumental in transforming Al Seer Marine into a regional powerhouse. His strategic insights and operational excellence have not only driven our growth, but also cemented our reputation as an industry leader. With Gunther as Deputy CEO, we are poised to reach even greater heights, fostering innovation and achieving unprecedented success for our investors and stakeholders."

Gunther Alvarado, Deputy Chief Executive Officer, stated: "I am deeply honoured to take on the role of Deputy CEO at Al Seer Marine. This appointment reflects our unwavering commitment to innovation, excellence, and sustainable growth. 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. Together, we will drive transformative change and set new benchmarks in the industry."