Beltone replaces Onsi Sawiris with Mounir Fakhry Abdel Nour as non-executive chairman
Former Trade Minister Mounir Fakhry Abdel Nour (bio) is now Beltone Financial’s non-executive chairman, replacing Onsi Naguib Sawiris, who had temporarily held the position since the start of this month, the company said in a statement (pdf). Beltone’s former executive chairman Maged Shawky, who had taken up a position as a non-executive board member in the reshuffle earlier this month, also stepped down, along with fellow non-exec Ihab Saleh.
Who else is in? Amir Mishriky (LinkedIn) and Aladdin ElAfifi (LinkedIn) were appointed new independent board members, while Bassem Mohamed Youssef was chosen as a non-executive board member representing Orascom Financial Holding.
Beltone had reshuffled its board in early March following a horizontal demerger which saw its former parent company, Orascom Investment Holding, spin off its non-bank financial services holdings into Orascom Financial Holdings.
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