Emirates CFO scrapped strategic center he spent months building

After a round of executive promotions in late February, Emirates CFO Michael Doersam began building a new structure that aimed to give the German-born finance chief more direct supervision over his enlarged corporate functions. Over the next months, Doersam and close staff members worked on the so-called strategic center that would oversee human resources, finance, legal, and information technology. Details were hashed out at several meetings that included at least one off-site gathering, and employees were told where they would sit in the new organization, according to people familiar with the process. Then in late October, Doersam issued a surprise memo: The strategic center would not go ahead after all. Instead, “all team members who were moved will be returning to their original teams with no further impact,” the memo obtained by Bloomberg said. “Following recent executive discussions, we have now decided to change our course of action, and we will not be moving forward with the implementation of the strategic centre as planned,” the CFO wrote. Doersam shelved his plan after he failed to garner internal backing from other senior managers, said the people, who asked not to be identified discussing internal processes. <br/>