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Agthia Group appoints CEO [Emirates News Agency (WAM) (United Arab Emirates)]
[September 30, 2014]

Agthia Group appoints CEO [Emirates News Agency (WAM) (United Arab Emirates)]


(Emirates News Agency (WAM) (United Arab Emirates) Via Acquire Media NewsEdge) ABU DHABI, 30th September, 2014 (WAM) -- Agthia Group PJSC, one of the U.A.E.'s leading food and beverage groups, has announced the appointment of Iqbal Hamzah as Chief Executive Officer, effective immediately. Hamzah has been Group Chief Financial Officer and Company Secretary of Agthia since joining the company in August 2006, and was Agthia's first Chief Financial Officer. Since May 2014, he has also held the position of Acting Chief Executive Officer.



Speaking on the appointment, Dhafer Ayed Al Ahbabi, Chairman of Agthia Group, commented, "Hamzah has a deep and unparalleled understanding of the Agthia business, having spent over eight years in our senior management team. His experience and knowledge of the business was a critical factor in the Board's decision to formalise his appointment as our new Chief Executive Officer, to guide us through the next stage of our expansion programme. We are on a strong growth trajectory, with a powerful portfolio of brands which enjoy leading market shares in their respective categories, and we are confident that under Hamzah's leadership we will generate even greater shareholder value." Hamzah began his career in 1989 with the Gillette Company and during a 17-year tenure with them, held various key senior financial positions, including Regional Finance Director for the Middle East and Africa, based in Dubai, and Finance Director in Prague covering the Czech Republic and Slovakia.

Prior to joining Agthia, Hamzah spent four years as the Regional Finance Director of Gillette/P&G for Russia, Republics and Baltics, based in Moscow. He is a Chartered Accountant and a Chartered Corporate Secretary.


Agthia is experiencing significant growth in its portfolio of brands, and earlier this year launched Monster beverage products in the U.A.E.. It has also recently commissioned a new high-speed bottling line and a new modern "mega" distribution centre. The commercial launch of frozen baked products is scheduled for the fourth quarter of this year, as is also the expansion of the U.A.E. distribution of Alpin natural spring bottled water through the company branch in Turkey.

(c) 2014 Emirates News Agency (WAM) Provided by SyndiGate Media Inc. (Syndigate.info).

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