Sunday, May 23, 2010

Damas Executive Management Changes

From Nasdaq Dubai.
Damas International Limited (the Company) announced today the appointment of Anan Fakhreddin as Chief Executive Officer of the Company. Mr. Fakhreddin replaces Mr. Sanjay Kalsi, who held the position of Interim Acting Chief Executive Officer of the Company. Mr. Kalsi will resume his previous responsibilities as Chief Financial Officer of the Company.
Anan Fakhreddin is a member of the Board of Directors of Damas International Limited. He, until most recently served as the Dubai based Managing Director for Middle East and Turkey, at the World Gold Council. Previously Mr. Fakhreddin worked with the Diamond Trading Company (a De Beers group company) for nine years covering the GCC region. Mr. Fakhreddin started his career with American Express International and held the position of Regional Manager in Saudi Arabia. He holds a BA in Business Administration from Yarmouk University in Jordan.

"I am delighted to have taken on this role at one of the oldest and most significant retail companies in the region, at a time of renewal and transition," said Fakhreddin. "Damas has a rich heritage of excellence across all its business lines, and this is the legacy we will look to build upon. I look forward to join a team of highly specialized and motivated professionals to further enhance our product line and customer service channels, while identifying expansion opportunities in growth markets. I am confident that with the support and insight of my colleagues, we will continue to develop Damas as a global leader in jewellery retail.”

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