Mustafa Artoufi, Group Chief Executive Officer (CEO)

Mustafa Artoufi

Group Chief Executive Officer (CEO)

Rose Holding

Location
Saudi Arabia - Riyadh
Education
Master's degree, MBA Master in Business Administration and Marketing Management
Experience
25 years, 5 Months

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Work Experience

Total years of experience :25 years, 5 Months

Group Chief Executive Officer (CEO) at Rose Holding
  • Saudi Arabia - Riyadh
  • My current job since January 2022

• Rose Sweets - Turn Over SAR 180 M - Manpower: 760 - Direct Report (CFO/COO/CCO/CHRO/GM Rose)
• Resulting in a \{10%\} increase in company revenue by expanding product offerings and implementing innovative strategies.
• Led product innovation initiatives, successfully launching new products ahead of competitors and upholding high quality standards.
• Enforced comprehensive risk management strategies to mitigate potential threats and safeguard the company’s assets and interests.
• Implemented innovative strategies as the CEO, leading to a remarkable 40% increase in profitability.
• Applied strong financial controls, ensuring accurate reporting and solid decision-making capabilities.
Key Achievements and Business Growth:
• Building a new factory for Rose Sweets in Riyadh and started production.
• 11 New Branches for Rose Sweets in KSA
• Started Bahrain operations and Started Franchising Program started with Kuwait.
• Working on two new projects and brands with new production lines

Chief Executive Officer (CEO) (Kingdom Head) at LG Electronics
  • Saudi Arabia - Riyadh
  • January 2020 to January 2022

• Served as Kingdom Head - Chief Executive Officer, reporting to LG CEO MENA and shaping strategies in the Saudi operation business For Consumer Electronics, Business Solution, IT, Retail, and B2B
• Managing the Manufacturing JV with ShaKer / Distribution with Al Naghi
• 3 business units - LG Air Conditioning JV Factory with Shaker / LG Distribution with Al Naghi / LG Regional Office - Turnover 500M USD . Direct report (GM Factory / GM Retail / GM IT and ID / GM B2B )
• Executed strategies based on market intelligence, enhancing market share by 15%.
• Developed long-term plans and budgets for the department and its activities, monitored progress, ensured adherence, and evaluated performance.
• Maintained a climate that attracts, retains, and motivates top quality personnel. Recruited, trained, appraised, supervised, supported, developed, promoted, and guided qualified personnel.
• Achieved a 10% increase in regional sales by nurturing key client relationships through strategic marketing.
• Manage sales operations organization, field sales organization, system integrators, distributors, and value-added-resellers to ensure sales targets are met.
Key Achievements and Business Growth:
• Signing Supplying contracts with PIF companies with a total value of 80M USD.
• Signing MOA with NEOM Oxagon
• Opening LG regional office in Riyadh as per Saudi Government Regulations and 2030 Vision
• Participating in Gamers event in 2022

Deputy Chief Executive Officer – DCEO at SIDC Saudi Industrial Development Company- Public Listed Company
  • Saudi Arabia - Jeddah
  • January 2018 to January 2020

• Served as Deputy Chief Executive Officer, reporting to Chairman (BOD) and shaping strategies in managing 5 Business Units: Sleep High / Casavia / Imdad / SIDC Investment / SIDC Projects
• Turnover: 480M SAR, Manpower : 980 Direct Report (GM SleepHigh / GM Marketing / GM operations / GM Contracting / GM Casavia / GM Imdad )
• Delivered 118% to 2019 sales target (achieved result) by developing a new-to-company strategy to target Africa Market and opening new channel.
• Achieved 11 m SAR in operational cost savings and improved commercial decision.
• Minimized the bad debt from 56 M to 17 M in one year.
Key Achievements and Business Growth:
• Opening SleepHigh Egypt Factory and made 50M EGP first year.
• Started Acquisition Program with ROCA and Kingsdown but stopped for corona virus pandemic.
• Achieved 120 Outlets and 200 distribution points in Kingdom.

Commercial Director – Leadership Team at Abdullatif Jameel Group
  • Saudi Arabia - Jeddah
  • January 2014 to January 2018

• Define & implement strategies for retaining/enhancing existing market share in the assigned territory based on collated market intelligence on competition and other market trends.
• Build & maintain productive business relationships with key decision makers across existing client and prospect organizations for closing identified business deals.
• Accomplish marketing and sales objectives by planning, developing, implementing, and evaluating advertising, merchandising, and trade promotion programs, developing field sales action plans.
• Increasing sales from 420 M to 1.2 B in 4 years
• Started production for DORA brand owned by ALJ for consumer electronics.
• Increasing Market share from 7% to 16% in 2 years
• Building Team for 3 new channels
• Branding of our retail Red Sea

Regional Director MENA (Regional at Herman Miller international
  • Saudi Arabia - Riyadh
  • January 2010 to January 2014

Key Achievements and Business Growth:
• Managed a team of over 34 employees in MENA region.
• Achieved significant business growth by expanding into 5 new markets and appointing new dealers.
• Drove sales increase from $21 million to $38 million in a span of 4 years.
• Achieved successful launch of a \{$2M\} local manufacturing project.

Regional Sales Manager at FOSAM - Fosroc International
  • Saudi Arabia - Riyadh
  • January 2005 to January 2010

Construction Chemicals Escalated regional sales by implementing strategic marketing plans and nurturing key client relationships

• Expanded market share within the region by identifying growth opportunities and collaborating with cross-functional teams

Area Sales Manager at The Building Products Company Ltd.
  • Saudi Arabia - Riyadh
  • January 1999 to January 2005

Building Materials Increased customer retention by \{15%\} and satisfaction by \{20%\}, establishing strong relationships with key clients.

• Expanded market share through effective prospecting, lead generation, and negotiation skills

Education

Master's degree, MBA Master in Business Administration and Marketing Management
  • at Texas Tech University
  • January 2007
Bachelor's degree, B.Sc. in Industrial (Chemical) Engineering
  • at Jordan University of Science and Technology
  • January 1999

Specialties & Skills

Marketing
Development
Start up Operations
Six Segma Black Belt
MARKET SHARE
CONSTRUCTION
CUSTOMER RETENTION
NEGOTIATION
REGIONAL SALES
STRATEGIC MARKETING
ELECTRONICS
LEAD GENERATION
FRANCHISING

Languages

Arabic
Native Speaker
English
Expert

Training and Certifications

Six Sigma Black Belt (Certificate)
Date Attended:
January 2009

Hobbies

  • Bike
    Rider