Dubai-based Majid Al Futtaim (MAF) has announced the departure of Iyad Malas, who will step down as CEO with immediate effect to pursue other interests outside of the group. Alain Bejjani, currently chief corporate development and brand officer, has been appointed as the new MAF CEO.
During his eight-year tenure at MAF, Malas spent six years as CEO MAF – Holding, making a considerable impact towards the growth of the company throughout the MENA region.
“I would like to thank Iyad for his dedication, leadership and contribution to the company during his tenure as CEO, and wish him all the best for the future,” comments Sir Michael Rake, MAF Holding chairman, while adding, “Bejjani was the driving force behind the initiatives to redefine our corporate brand and our ‘sense of purpose’ in the market. His passion, visionary leadership and indomitable drive are invaluable assets to spearhead the next chapter of MAF’s history, leveraging the incredible opportunities ahead.”
Bejjani has been MAF since 2006 holding several senior positions within the company. As a current member of the holding executive committee, Bejjani has been instrumental in driving the company’s transformational rebrand, business vision, strategy and innovation, across the company’s portfolio of iconic brands. “I am honoured to be appointed as CEO. MAF is an exceptional company and I look forward to leading the business as it enters its next phase of growth and value creation,” Bejjani expresses.