Fawaz Alhokair names Mohamad Mourad as interim CEO as Moukarzel resigns

10/04/2022 Argaam

Logo of Fawaz Abdulaziz Alhokair Co.

Fawaz Abdulaziz Alhokair Co.’s board of directors accepted the resignation of CEO Marwan Moukarzel, effective from April 30.

 

Moukarzel stepped down as he will serve as CEO of international operations at Saudi FAS Holding Co., the major shareholder in Fawaz Alhokair, the fashion retailer said in a statement to Tadawul.

 

The board also approved the appointment of Mohamad Mourad, as interim CEO of the company, effective from May 1, until a permanent replacement for Moukarzel is finalized.

 

Mourad currently serves as the executive committee chairman. He has 28 years of global management experience in technology, retail, consumer goods and e-commerce. Mourad holds a Bachelor’s of Science degree in Business Economics from the Lebanese American University and an MBA from INSEAD, France.

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