Dubai Refreshment PJSC Appoints New CEO
Dubai Refreshment PJSC announces a leadership transition as Tarek Elsakka retires, paving the way for Mahmoud El Meligy to take over as CEO.
Summary
Dubai Refreshment PJSC has named Mahmoud El Meligy as its new CEO, succeeding Tarek Elsakka. The transition is set to drive future growth.
In a significant leadership transition, Dubai Refreshment PJSC, a stalwart in the UAE's beverage industry, has announced the retirement of its long-serving CEO, Mr. Tarek Elsakka. After 17 years of steering the company towards remarkable achievements, Elsakka's departure marks the end of an era. However, the company is poised for continued success with the appointment of Mr. Mahmoud El Meligy as the new CEO, effective January 1, 2025.
Mr. El Meligy's extensive experience within the industry and his proven track record as Chief Operating Officer since 2017 make him a fitting successor. His leadership has been instrumental in driving the company's operations across various domains, including Sales and Marketing, Information Technology, and Human Resources. With a career spanning 27 years across multiple markets such as Saudi Arabia, Algeria, Ghana, and Egypt, El Meligy brings a wealth of knowledge and strategic insight to his new role.
The Board of Directors expressed their gratitude to Mr. Elsakka for his exceptional service and contributions to the company's growth. Under his leadership, Dubai Refreshment PJSC solidified its position as a leading beverage company in the UAE, renowned for bottling and selling Pepsi Cola International products.
Looking ahead, the Board is confident that Mr. El Meligy's leadership will continue to propel the company forward. His vision for the future involves not only maintaining the company's strong market presence but also exploring new opportunities for expansion and innovation in the beverage industry.
For investors, this transition signifies a period of stability and potential growth. Mr. El Meligy's strategic approach and industry expertise are likely to enhance the company's competitive edge and drive long-term success. Therefore, it is advisable for investors to hold their positions in Dubai Refreshment PJSC and monitor the company's progress under its new leadership.
Source
Summary
Dubai Refreshment PJSC has announced that its CEO, Mr. Tarek Elsakka, will retire after 17 years with the company. Mr. Mahmoud El Meligy, the current COO, will succeed him as CEO effective January 1, 2025. Mr. El Meligy, who joined the company in 2012 and became COO in 2017, has a 27-year career in the soft drinks industry, with experience in several countries. The Board of Directors thanked Mr. Elsakka for his service and expressed confidence in Mr. El Meligy's ability to lead the company to continued growth.
