Oman's Galfar Engineering and Contracting has confirmed that a chief-level (C-level) officer is exiting the company.
At a board meeting held on 17 September, Gerard Hutchinson's resignation from his post of chief financial officer (CFO) was accepted.
Hutchinson's resignation will be effective starting 15 October, 2017.
In a missive issued to the Muscat bourse, Galfar said Hutchinson was leaving the company for personal reasons.
The company has started looking for a replacement to fill the role of CFO.
Earlier this week, Galfar announced it has been awarded a $6.3m (OMR2.4m) contract to design, supply, and build a substation in Oman.
The contract for the project, located west of Muaskar Al Murtafa'a, was awarded to Galfar by a government entity.
Galfar has 21 days to complete mobilisation works for the project, which is due to be completed within a year.
Dr Hans Erlings, the chief executive officer (CEO) of Galfar, said the company expects "reasonable income" from the project.
The contractor recorded consolidated total revenues worth $397m (OMR152.9m) during the first half of 2017, a drop compared to corresponding figures for H1 2016, worth $452.5m (OMR174.2m).
Meanwhile, Galfar’s parent company recorded total revenues worth $376.6m (OMR145m) in H1 2017.
According to a statement released with Galfar's H1 2017 financials – signed by company chairman Majid Salim Said Al Fannah Al Araimi – Galfar has "been significantly affected by the delays in receiving its dues of the projects and the pressure on its payments to suppliers and subcontractors".