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Sat 24 Jan 2015 09:52 AM

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Dubai's MAF appoints new shopping malls unit chief

Michael Cesarz is hired as CEO of malls business division; is second recent senior exec appointment

Dubai's MAF appoints new shopping malls unit chief
(Photo for illustrative purposes only)

Majid Al Futtaim, the Dubai-based shopping mall, retail and leisure company, has announced the appointment of Michael Cesarz as CEO of its shopping malls business unit.

Cesarz is the second senior appointment made by Majid Al Futtaim recently following the appointment of Rajiv Suri as the new CEO of its retail arm, Majid Al Futtaim - Fashion.

Ghaith Shocair, chief financial officer and acting CEO, Majid Al Futtaim Properties, said: "Our shopping malls business as the regional industry leader with 17 regional and community malls, is set to significantly expand and grow over the coming few years.

"We are committed to delivering on our Majid Al Futtaim promise of great moments for everyone, every day, through enhanced customer experiences, product innovation, and building great brands and Michael's leadership and experiences will be instrumental in delivering on our plans for this business".

Cesarz, an architect by training, previously held senior management roles such as CEO and chairman of METRO Group Asset Management, head of construction at Peek & Cloppenburg KG as well as other real estate project development roles.

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