Kuwait, December 16, 2020 — 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 a 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.