Former De Beers executive and World Gold Council member Anan Fakhreddin has been named Chief Executive Officer of Damas International Ltd.
The Dubai-based jeweler, which is one of the leading retail jewelry companies in the Middle East, also made Fakhreddin a member of the Damas Board of Directors.
According to Business Week, Fakhreddin will replace Sanjay Kalsi, who held the position of Interim Acting Chief Executive Officer of the company. Kalsi will resume his previous responsibilities as Damas' Chief Financial Officer.
“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 joining 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."
