Fitaihi Holding Group announces the resignation of the CEO of Retail Sector
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| Announcement Detail | The Board of Directors of Fitaihi Holding Group announces its resolution, issued on May 11th, 2020, to accept the resignation of one of its senior executives, the CEO of Fitaihi Retail Company, Dr. Mohammed Ahmed Hassan Fitaihi, from his position as a CEO of the Retail Sector at Fitaihi Holding Group, which he submitted on May 11th, 2020 due to his circumstances and work engagements, so that his last working day in this position will be May 12th, 2020 based on his desire, provided that the resignation takes effect from May 13th, 2020. The above mentioned Board’s resolution included assigning the management of the Group’s Retail business to Mr. Yasser Yehia Abdelhamid, the CEO of the Group. Dr. Mohammed Fitaihi has been the CEO of Fitaihi Retail Company since May 12th, 2019. Worth mentioning that Fitaihi Retail Company manages the Retail Sector of Fitaihi Holding Group, which is one of the subsidiaries 100% owned by the Group. Dr. Mohammed Fitaihi remains an executive member of the Board of Directors of Fitaihi Holding Group and still serves as the general manager of the subsidiary Company (Luxury Goods Trading Company Ltd.) in which he owns 20%, while Fitaihi Holding Group owns 80% of its share capital. The Board of Directors of Fitaihi Holding Group extends its deep thanks and appreciation to Dr. Mohammed Ahmed Hassan Fitaihi for his efforts exerted and works accomplished during his tenure as the CEO of the Retail Sector of the Group. |
