Kuwait: Mezzan Holding KSC’s (BKSC: Mezzan), one of the largest manufacturers and distributors of food, beverage, FMCG and healthcare products in the Gulf, has announced the appointment of Nabil Ben Ayed as Group CFO, effective December 17. Ben Ayed brings with him more than 20 years of extensive experience in strategic financial planning, operations management and business development for multinational companies across Asia, Africa, Australia and the Middle East.

Ben Ayed joined Mezzan in 2019 where he most recently served as Group Finance Director. He has a strong track record of driving growth and executing measurable results with a specialization in IPOs, mergers & acquisitions, tax optimisation, business planning, ERP implementation and performance improvement. Ben Ayed will succeed Fares Hammami who was appointed as Group CFO in August 2016.

Mezzan Holding Executive Vice Chairman Mohammad Jassim Al Wazzan said: “I would like to thank Fares Hammami for his time and effort at Mezzan Holding. He has served the company and shareholders considerably over the last four years and played a key role in the launch of the company’s IPO in June 2015. I wish him the best of luck in his career and future endeavors.”

“On behalf of the board, management team, and my colleagues at Mezzan Holding, I would like to welcome Nabil to Mezzan’s executive management team. He will add great value to the company’s next phase of growth and regional expansion plans and we look forward to working with him.”

Nabil Ben Ayed holds a Masters Degree in Management and Accounting from the Institute of Advanced Business Studies in Tunisia, and Diploma in Legal Tax Advisory from Management University in Tunisia. He received his change management certification from the Frankfurt School for Finance and Management in Germany and has served as a consultant at the World Bank development program in Asia and Africa.

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About Mezzan Holding:

  • Operates in seven countries through 30 subsidiaries with more than 8,500 employees
  • Distributes over 34,000 Stock Keeping Units (SKU), making it one of the largest operators in terms of SKUs, unit sales, market share, and in terms of share of revenues of total consumer spending in consumer categories served by the company
  • Active in various segments of the consumer staple industry supported by long-standing relationships with Johnson & Johnson, Kimberly-Clark, Reckitt Benckiser, General Mills, Arla Foods, Sara Lee, and many other leading brands and manufacturers
  • Serves over 130,000 meals a day in Kuwait and Qatar through its catering business
  • Has a total of 190,000 square meters in food, beverage, and FMCG manufacturing facilities in Kuwait, Qatar, UAE, and Afghanistan
  • Leverages long-standing relationships with private and cooperative supermarkets
  • Vertically integrated into complementary business operations, including packaging, catering, contract services, and logistics
  • Food services customers include multinational fast-food chains, airline catering services, and large food services companies

Mezzan Holding is a 75-year old company that was listed on the Kuwait Stock Exchange in the second quarter of 2015. The company is headquartered in Kuwait with direct operational activities in Kuwait, UAE, Qatar, Saudi Arabia, Iraq, Jordan, and Afghanistan.

For media inquiries, please contact:
Fawaz Al-Sirri
+965 66622448
fawaz@bensirri.com 

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