Current CEO Nasser Rafi has left to 'take up new challenges', with a new post within Emaar Group to be announced at a later date
Emaar Malls will have a new CEO from August, according to a disclosure filed to the Dubai Financial Market.
Emaar Malls said Patrick Bousquet-Chavanne will join as CEO, where "he will focus on preparing our malls business for tomorrow's challenges and further increase our customers' trust, strengthen tenant relationships and enhance the digital experience."
Prior to joining Emaar Malls, Bousquet-Chavanne worked at Marks & Spencer, where he served as chief marketing and digital officer, helping position MarksAndSpencer.com as one of the UK's foremost clothing and footwear retail websites.
According to the statement, Emaar Malls' current CEO, Nasser Rafi - who led the company when it was successfully listed on the DFM in 2014 - has "decided to take up new challenges."
Rafi’s new post within Emaar Group “will be announced later”, according to the statement.
In April, Emaar Malls announced that over 35 million people visited Emaar Malls in Q1 2018, a 3 percent increase over the same period last year.
The announcement came on the same day as the company announced a net profit of AED 548 million ($149 million) in Q1 2018, slightly above the AED 539 million ($147 million) recorded in Q1 of the previous year.For all the latest retail news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.