Aidan Birkett was brought in last year to address the debt
mountain at the conglomerate, whose obligations triggered a crisis in the Gulf
Arab emirate.
He was slated to stay until December 2010, according to the
Dubai World debt restructuring document seen by Reuters.
The Dubai government on Wednesday said it would now put a
permanent management team in place for the company, whose assets range from
shipping to retail.
“Chief Restructuring Officer Aidan Birkett has now
successfully completed his work at Dubai World and will be stepping down on
14th October 2010,” the statement said.
Dubai World in September said it had reached a formal deal
with creditors to restructure nearly $25 billion in debt.
Dubai, one of the seven United Arab Emirates, and its
companies have been climbing out of a $100 billion-plus debt hole over the past
year.
