Marka PJSC (DFM: MARKA), the first public joint stock retail operating company in the UAE, has announced the appointment of Benoit Lamonerie as its new Chief Executive Officer.

Lamonerie joins Marka from Gulf General Investment Company where he was CEO of Subsidiaries and brings more than 20 years of experience to the role from across retail, hospitality, entertainment and real estate sectors. At Gulf General Investment Company – a conglomerate listed on the Dubai Financial Market – Lamonerie established a proven track record of growth and profitability and was responsible for launching the F&B, fashion retail and entertainment divisions of the company.

Khaled Bin Kalban, Marka Chairman said: “The Marka Board of Directors is pleased to have such a capable and experienced individual in the position of CEO. He brings to the role strong insight into our business requirements, and we believe that his expertise and enthusiasm will be vital in leading Marka to build a world-class retail operating company and deliver long-term value for our shareholders.”

The appointment of Mr Lamonerie follows the resignation of Nick Peel, who resigned from his role as Marka CEO in December 2016.