Dubai – Mubasher: Emaar Malls has appointed Patrick Bousquet-Chavanne as new CEO, effective next August.

The new CEO will work on preparing the company for future challenges and increasing customers’ confidence in it, according to a filing to the Dubai Financial Market (DFM).

The incumbent CEO Nasser Rafi is to assume another position in Emaar Group to be disclosed later this year, Emaar Malls added. 

In April,  Emaar Malls, Emaar Properties’ shopping malls and retail business unit, reported a net profit of AED 548 million ($149 million) in the first quarter of 2018, compared to AED 539 million ($147 million) a year earlier.