Cartier Saada Restructures Its Management and Appoints a New CEO
Significant Governance Restructuring at Moroccan Company Cartier Saada
Cartier Saada, a Moroccan firm located in Marrakech with a capital of 52.65 million dirhams, is preparing to announce a significant reorganization of its governance. This reshuffle involves the departure of eight board members and executives, alongside the appointment of Abdelaziz Mesnouni as the new Chief Executive Officer (CEO).
These changes were decided on October 22 and 23, 2026, and will be submitted for approval to shareholders at a general assembly scheduled for December 7.
Eight Departures from Executive Positions
The reorganization began with Pierre Cartier stepping down from his role as Chairman of the Board on October 22, followed by his resignation as a board member the next day.
Alongside him, Thierry Cartier, Hicham Meziane, Moulay Youssef Debbarh Mounir, Renaud Delieuze, Mohamed Benider, Aïcha Debbagh, and Aïcha El Maarouf are also leaving their respective positions. Additionally, Hicham Meziane has simultaneously stepped down from his role as General Director, effective October 23, 2026. These changes will affect both the board composition and the executive leadership of the company.
Abdelaziz Mesnouni Takes the Helm of Cartier Saada
To establish the new structure, the board of directors has co-opted Abdelaziz Mesnouni as a director, effective October 23, 2026. He succeeds Hicham Meziane and now holds the dual roles of Chairman of the Board and CEO.
Two other individuals are joining the governing body: Nouhad Rerhrhaye succeeds Aïcha Debbagh, while Rachid Fahmane takes over the position previously held by Pierre Cartier. These three appointments, made on October 22, will also require shareholder ratification.
A Streamlined Board of Directors
Following this reorganization, Cartier Saada’s board of directors will consist of four members: Abdelaziz Mesnouni, Nouhad Rerhrhaye, Rachid Fahmane, and Angel Camacho Incorporation, represented by Beatriz Camacho Cruz-Auñon.
The terms for the three co-opted directors are set to continue until the general assembly convenes to review the financial accounts for the fiscal year 2029-2030, which concludes on March 31, 2030. This new configuration reflects a tightening of the governance structure, concentrating executive and presidential responsibilities in the hands of Abdelaziz Mesnouni.
Crucial General Assembly Scheduled for December 7
All these changes will be central to the extraordinary ordinary general assembly convening on December 7, 2026, at 10 a.m. at the Cartier Saada headquarters located in the Sidi Ghanem industrial zone of Marrakech.
This meeting will replace the initially scheduled assembly on November 10. The company has canceled the previous notification of the general assembly published on October 23, 24, and 25 to set a new date for this important gathering with shareholders.
During the assembly, shareholders will be called upon to acknowledge the resignations, ratify the three new appointments, and confirm the new board composition, along with the appointment of Abdelaziz Mesnouni as the head of the company.
Beyond the formal statutory requirements, this assembly is poised to mark a new phase in Cartier Saada’s organization, featuring a refreshed executive team and a more compact board of directors.
