Majid Al Futtaim, a leading retail and leisure group in Mena region, has announced the appointment of Alain Bejjani as the new chief executive officer of Majid Al Futtaim – Holding.

The decision follows Iyad Malas stepping down from the post to pursue other interests outside of the group, the company said.

During his eight years with the business, six years as the CEO of Majid Al Futtaim - Holding, Malas made a considerable impact towards the growth of the company throughout the Mena region, the company said.

Prior to his new posting, Bejjani was the chief corporate development and brand officer of the company. He has been with the company since 2006 and has a deep understanding of the organisation. He has held 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, it said.

Sir Michael Rake, chairman of Majid Al Futtaim - Holding, said: “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. Alain 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 Majid Al Futtaim’s history and take advantage of the incredible opportunities ahead.”  - TradeArabia News Service