The board of directors of F J Benjamin Holdings Ltd. announced that with effect from 1 January 2023, Mr. Douglas Jackie Benjamin, the incumbent Executive Director and Group Chief Operating Officer of the Company, will be promoted to Group CEO of the Company. Douglas Benjamin has over 30 years of experience in the Group's retail and distribution business. Mr. Benjamin, who pioneered mono store luxury retailing in Singapore was instrumental in introducing brands like Gucci, Lanvin, and Fendi, amongst others, to Southeast Asia.

He will hand over Board leadership to Group Chief Executive Officer Nash Benjamin who will move up as Executive Chairman from 1 January 2023 and relinquish his current position to Douglas Benjamin, the incumbent Group Chief Operating Officer.