Morocco: Nakkouch leaves Nareva

Ahmed Nakkouch, founding head of Morocco’s biggest private developer and a former head of state utility Office National de l’Electricité, is retiring from Nareva. He will be replaced by 46-year-old Aymane Taud, a director of Nareva’s parent company Société Nationale d’Investissement (SNI) since November 2006. Taud was appointed head of SNI’s fisheries companies Marona and Arpem in mid-2015. He came to SNI after heading BMCE Capital Conseil.