Legend Holding Group appoints Paolo Lo Monaco as Group CFO

Legend Holding Group has appointed Paolo Lo Monaco as Group Chief Financial Officer (CFO), tasking him with strengthening financial governance, advancing digital transformation and supporting sustainable growth across its diversified business portfolio.

Lo Monaco brings close to 30 years of international financial leadership experience across the Gulf Cooperation Council (GCC) region and Europe. He has held senior leadership positions in family-owned groups and multinational companies spanning more than eight industries.

Before joining Legend Holding Group, Lo Monaco served as Group CFO of Chalhoub Group and CFO of Al Khayyat Investments (AKI), where he contributed to financial transformation, governance and business growth. Earlier in his career, he held senior finance and audit positions at multinational companies, including Coca-Cola, Nestlé and Fiat Group.

In his new role, Lo Monaco will focus on strengthening financial governance across the group's businesses, modernising financial frameworks through digital transformation and enhancing capital allocation strategies to support sustainable growth, operational efficiency and long-term shareholder value.

Commenting on his appointment, Lo Monaco said, “My priority is to strengthen financial governance across the Group and transform our existing financial frameworks into a modern, digitally enabled finance function that supports the shareholders' long-term growth strategy across the Middle East.

“My immediate focus will be on guiding new investment decisions, ensuring disciplined capital allocation, and strengthening cash flow and financial performance across our existing businesses. I believe that combining Legend's entrepreneurial ambition with strong financial governance will position the Group for its next phase of sustainable and profitable growth.”

The appointment comes as Legend Holding Group continues to expand across multiple industries, with plans to explore new investment opportunities and strategic partnerships that complement its existing business ecosystem.

The group's expansion strategy aligns with the Dubai Economic Agenda (D33) and the UAE's We the UAE 2031 vision, which aim to support economic diversification, strengthen international partnerships and drive sustainable, long-term growth.

Through its integrated business ecosystem, Legend Holding Group aims to strengthen synergies between its companies, maximise opportunities across industries and establish a foundation for future expansion. The group said it remains committed to building a sustainable and diversified portfolio focused on long-term value creation.