Al-Futtaim Executive and Leadership Team

September, 2026

Leadership Overview

Al-Futtaim has 10 executives leading key functions including strategy, office management, regional operations, financial oversight, revenue growth, and risk management.

Committed to excellence across diverse sectors, Al-Futtaim drives sustainable economic growth through its extensive portfolio of automotive, financial, and consulting services while maintaining a legacy of operational integrity.

Leadership Roles at Al-Futtaim

  • Chief Executive Officer - Elsayed Abo Elezz
  • Chief Executive Officer Office Manager - Remon Assaad
  • Al-Futtaim Acting Chief Executive Officer (Pakistan) - Waqar Wajid
  • Founder & Chief Executive Officer - Charles Varghese
  • Chief Financial Officer - Ayesha Shoaib
  • Chief Financial Officer & Manager, Finance ) - Athar Munir
  • General Manager (Finance) & Chief Financial Officer, Listed Entity - Malik Ikram
  • Division Chief Financial Officer, Automotive - Dmitrii Bogatyrev
  • Chief Revenue Officer & Conversion Rate Optimization Specialist - Reem Hummeida
  • Chief Risk Officer & Division Chief Revenue Officer, Financial Services - Raza Kakar
  • Elsayed Abo Elezz - Chief Executive Officer

    Elsayed Abo Elezz, the Chief Executive Officer at Al-Futtaim, directs the overarching strategic vision for the conglomerate. Overseeing the diverse business units, the Chief Executive Officer ensures alignment between automotive distribution, financial services, and supply chain management solutions. This leadership role involves optimizing corporate performance across the Middle East and beyond. By fostering innovation within the automotive sector, Elsayed Abo Elezz directly impacts the market position of the organization. The Chief Executive Officer coordinates with the board to secure long-term growth and operational efficiency. Through rigorous oversight of the various divisions, the Chief Executive Officer maintains the competitive edge of the group. This executive leadership ensures that all business activities adhere to the highest standards of quality and service excellence, ultimately driving the expansion of the enterprise into new regional markets while sustaining the core values of the organization.

    Remon Assaad - Chief Executive Officer Office Manager

    Remon Assaad, the Chief Executive Officer Office Manager at Al-Futtaim, facilitates the daily operations of the executive suite. Managing the flow of critical information, the Chief Executive Officer Office Manager ensures that strategic priorities receive immediate attention from leadership. This role involves coordinating complex schedules and communication channels across the various business units, including automotive and financial services. By streamlining administrative workflows, Remon Assaad enhances the overall productivity of the executive team. The Chief Executive Officer Office Manager acts as a central point of contact for internal stakeholders, ensuring that corporate objectives remain clear and actionable. Through meticulous organization and proactive management, the Chief Executive Officer Office Manager supports the seamless execution of company-wide initiatives. This position remains vital for maintaining the operational rhythm of the organization, allowing the leadership team to focus on high-level growth and market expansion strategies.
    Remon Assaad

    Waqar Wajid - Al-Futtaim Acting Chief Executive Officer (Pakistan)

    Waqar Wajid, the Al-Futtaim Acting Chief Executive Officer (Pakistan) at Al-Futtaim, directs all regional operations within the South Asian market. Overseeing the distribution of passenger and commercial vehicles, the Al-Futtaim Acting Chief Executive Officer (Pakistan) ensures that local business practices align with the global standards of the group. This leadership role involves managing supply chain logistics and expanding the footprint of automotive services in the region. By optimizing local market penetration, Waqar Wajid directly impacts the revenue growth of the international division. The Al-Futtaim Acting Chief Executive Officer (Pakistan) coordinates with the central office to implement corporate policies while adapting to specific regional economic nuances. Through strategic resource allocation, the Al-Futtaim Acting Chief Executive Officer (Pakistan) secures a strong competitive presence. This executive leadership drives the success of the brand in the region, ensuring that all operations contribute effectively to the broader goals of the conglomerate.

    Charles Varghese - Founder & Chief Executive Officer

    Charles Varghese, the Founder & Chief Executive Officer at Al-Futtaim, architects the long-term strategic framework for the entire organization. Overseeing the foundational principles of the group, the Founder & Chief Executive Officer ensures that the diverse portfolio of automotive, financial, and consulting services remains aligned with the core mission. This leadership role involves identifying new market opportunities and fostering a culture of continuous improvement. By guiding the executive team, Charles Varghese directly impacts the sustained growth and stability of the conglomerate. The Founder & Chief Executive Officer maintains oversight of the strategic direction, ensuring that all business units operate with efficiency and purpose. Through visionary leadership, the Founder & Chief Executive Officer secures the legacy and future relevance of the organization. This executive role remains essential for navigating complex market landscapes and ensuring that the group continues to deliver value across all its operational sectors.

    Ayesha Shoaib - Chief Financial Officer

    Ayesha Shoaib, the Chief Financial Officer at Al-Futtaim, directs the global financial strategy and capital allocation for the group. Overseeing the fiscal health of the organization, the Chief Financial Officer ensures that all business units, from automotive to private banking, maintain robust financial performance. This leadership role involves managing complex investment portfolios and ensuring compliance with international financial regulations. By optimizing the capital structure, Ayesha Shoaib directly impacts the profitability and growth trajectory of the enterprise. The Chief Financial Officer coordinates with the executive team to evaluate new business ventures and assess financial risks. Through rigorous analysis and strategic planning, the Chief Financial Officer secures the long-term financial stability of the conglomerate. This executive leadership ensures that all financial operations support the broader mission of the group, providing the necessary resources to drive innovation and market expansion across all regional operations.
    Ayesha Shoaib

    Athar Munir - Chief Financial Officer & Manager, Finance )

    Athar Munir, the Chief Financial Officer & Manager, Finance ) at Al-Futtaim, directs the internal financial reporting and accounting operations. Overseeing the day-to-day fiscal management, the Chief Financial Officer & Manager, Finance ) ensures that all departmental budgets align with the strategic goals of the organization. This leadership role involves managing the financial data for the automotive and leasing divisions, ensuring accuracy and transparency. By streamlining the financial processes, Athar Munir directly impacts the operational efficiency of the group. The Chief Financial Officer & Manager, Finance ) coordinates with the broader finance team to provide actionable insights for the executive leadership. Through meticulous oversight of the financial records, the Chief Financial Officer & Manager, Finance ) supports the overall fiscal integrity of the conglomerate. This executive role remains critical for maintaining the financial health of the organization, ensuring that all resources are utilized effectively to support the company's diverse business activities.

    Malik Ikram - General Manager (Finance) & Chief Financial Officer, Listed Entity

    Malik Ikram, the General Manager (Finance) & Chief Financial Officer, Listed Entity at Al-Futtaim, directs the financial governance for the publicly traded segments of the group. Overseeing the regulatory compliance and investor relations, the General Manager (Finance) & Chief Financial Officer, Listed Entity ensures that all financial disclosures meet the highest standards of transparency. This leadership role involves managing the financial performance of the listed entities, ensuring that shareholder value remains a priority. By optimizing the financial reporting framework, Malik Ikram directly impacts the market confidence in the organization. The General Manager (Finance) & Chief Financial Officer, Listed Entity coordinates with the board to communicate the financial health of the group to external stakeholders. Through strategic financial management, the General Manager (Finance) & Chief Financial Officer, Listed Entity secures the long-term viability of the listed business units, ensuring that all operations align with the broader financial objectives of the conglomerate.

    Dmitrii Bogatyrev - Division Chief Financial Officer, Automotive

    Dmitrii Bogatyrev, the Division Chief Financial Officer, Automotive at Al-Futtaim, directs the financial strategy specifically for the automotive division. Overseeing the profitability of vehicle sales, parts, and body shops, the Division Chief Financial Officer, Automotive ensures that the division maintains strong margins and operational efficiency. This leadership role involves managing the financial risks associated with the automotive supply chain and leasing solutions. By optimizing the cost structure of the automotive business, Dmitrii Bogatyrev directly impacts the overall financial performance of the group. The Division Chief Financial Officer, Automotive coordinates with the automotive leadership team to evaluate market trends and adjust financial strategies accordingly. Through rigorous financial oversight, the Division Chief Financial Officer, Automotive secures the growth and sustainability of the automotive sector. This executive role remains essential for maintaining the market leadership of the group in the automotive industry, ensuring that all financial resources support the division's strategic objectives.

    Reem Hummeida - Chief Revenue Officer & Conversion Rate Optimization Specialist

    Reem Hummeida, the Chief Revenue Officer & Conversion Rate Optimization Specialist at Al-Futtaim, directs the revenue generation strategies across the digital and physical sales channels. Overseeing the conversion metrics, the Chief Revenue Officer & Conversion Rate Optimization Specialist ensures that the customer journey for automotive and financial services remains seamless and effective. This leadership role involves analyzing consumer behavior to optimize sales funnels and increase market share. By implementing data-driven strategies, Reem Hummeida directly impacts the top-line growth of the organization. The Chief Revenue Officer & Conversion Rate Optimization Specialist coordinates with the marketing and sales teams to align revenue targets with customer needs. Through continuous testing and optimization, the Chief Revenue Officer & Conversion Rate Optimization Specialist secures a competitive advantage in the digital marketplace. This executive role remains vital for driving the commercial success of the group, ensuring that all revenue streams are maximized through innovative and efficient sales practices.

    Raza Kakar - Chief Risk Officer & Division Chief Revenue Officer, Financial Services

    Raza Kakar, the Chief Risk Officer & Division Chief Revenue Officer, Financial Services at Al-Futtaim, directs the risk management framework and revenue growth for the financial services division. Overseeing the private banking and investment banking portfolios, the Chief Risk Officer & Division Chief Revenue Officer, Financial Services ensures that all financial products remain compliant and profitable. This leadership role involves identifying potential market risks and implementing mitigation strategies to protect the assets of the group. By balancing risk with revenue generation, Raza Kakar directly impacts the stability and growth of the financial services sector. The Chief Risk Officer & Division Chief Revenue Officer, Financial Services coordinates with the executive team to ensure that all financial services align with the broader risk appetite of the conglomerate. Through strategic oversight, the Chief Risk Officer & Division Chief Revenue Officer, Financial Services secures the long-term success of the financial division, ensuring that all operations contribute to the overall financial health of the organization.

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    Frequently Asked Questions Regarding Al-Futtaim Top Executives and Leadership Team

    Who leads Al-Futtaim?
    Al-Futtaim is led by Elsayed Abo Elezz (Chief Executive Officer), along with executives such as Remon Assaad (Chief Executive Officer Office Manager) and Waqar Wajid (Al-Futtaim Acting Chief Executive Officer (Pakistan)).
    Who is part of Al-Futtaim’s executive team?
    The executive team of Al-Futtaim includes leaders such as Elsayed Abo Elezz (Chief Executive Officer), Remon Assaad (Chief Executive Officer Office Manager), Waqar Wajid (Al-Futtaim Acting Chief Executive Officer (Pakistan)) and other senior executives.
    How many executives does Al-Futtaim have?
    Al-Futtaim has 10 executives leading key business areas.
    What roles are included in Al-Futtaim’s leadership team?
    The leadership team of Al-Futtaim includes roles such as Chief Executive Officer, Chief Executive Officer Office Manager, Al-Futtaim Acting Chief Executive Officer (Pakistan), Founder & Chief Executive Officer, Chief Financial Officer.