Pehr Gyllenhammar has been appointed Chairman of the Board. He is currently Chairman of Aviva plc, the UK's largest insurance company, and a former Chairman and CEO of AB Volvo.
Board members include Tariq Al Futtaim and the CEO of MAF Holding, François de Montaudouin.
The non-executive directors on the Board are Fahad Almubarak, Waldemar Schmidt, Sir Hugh Collum, Tarek Ben Halim and Michael Wemms.
Together they bring a wealth of international management and corporate governance experience which will contribute to the company's future growth, competitiveness and professionalism.
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Majid Al Futtaim appoints Pehr Gyllenhammar as Chairman of MAF Holding LLC
- United Arab Emirates: Monday, May 16 - 2005 at 11:26
- PRESS RELEASE
Majid Al Futtaim, founder of the Majid Al Futtaim Group of Companies has established a Board of Directors for MAF Holding LLC, based on the standards of Corporate Governance practiced by leading international companies.
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Notes and media contacts
For further details contact:Ahmed Bin Brek, Group Vice President Corporate Development on 04 2093250.
About MAF Holding LLC:
Majid Al Futtaim Group of Companies was established in Dubai in 1992 and has become a business of international significance in the region employing over 6500 staff. Over the past decade the Group has taken its pioneering concepts throughout the United Arab Emirates, Middle East and North Africa.
The MAF Group is made up of four major operating companies:
MAF Investments LLC, the regions only portfolio developer of shopping centres, focuses on commercial mixed use developments, hotels and planned communities. In September its newest and largest shopping centre - Mall of the Emirates - will open in Dubai.
MAF Ventures LLC is responsible for identifying and establishing new business areas for the group to enter.
MAF Trust LLC is an investment company.
MAF Retail LLC is a joint venture company between MAF Holding and French retail giant Carrefour. Currently the company has 13 Hypermarkets in 5 countries and will open a further 5 before the end of 2005.
Posted by Anne-Birte Stensgaard, Senior News EditorMonday, May 16 - 2005 at 11:26 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
This article was updated on Mon Aug 06 2007.
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