STATEMENT: OK Group strengthens its structure and appoints Iván Meléndez as Business CEO

(Information sent by the signatory company).

STATEMENT: OK Group strengthens its structure and appoints Iván Meléndez as Business CEO

(Information sent by the signatory company)

Palma de Mallorca, January 15, 2024.

The until now Deputy CEO of OK Mobility moves to OK Group and assumes responsibilities for the business areas of the business holding company owned by Othman Ktiri

The Founder and President of OK Group, Othman Ktiri, has announced the appointment of Iván Meléndez as Business CEO of OK Group, its business holding company. After an exemplary career of more than 15 years at OK Mobility, where he has held various responsibilities until becoming Deputy CEO of the global mobility platform, Iván Meléndez now assumes the leadership of OK's other business lines and industrial subsidiaries. Group.This new appointment reflects the firm and determined commitment of OK Group to enhance both its current activities and to venture into new industrial sectors within the business holding. Indeed, in addition to the financial and real estate initiatives of OK Group that are carried out through the companies OK Ventures, OK Financial, OK Properties Socimi, among others, and which are led by Joaquim Monclús, Chief Investment Officer of the Family Office by Othman Ktiri; Ktiri's entrepreneurial interest drives him to explore and want to develop new industrial activities. As Business CEO, Meléndez will continue the development and growth of the group's current companies and subsidiaries in various sectors such as logistics (Logic Auto), shipbuilding (Nauta Morgau), nautical (OK Yachts) and, more recently, the restoration (El Sótano), among others. In addition, he will analyze the viability of new projects, currently on the table of OK Group. Meléndez will continue to be linked to OK Mobility as an advisor to the group's global mobility platform. A person most trusted by Ktiri, Iván Meléndez has been a key figure in the geographical expansion and current positioning of OK Mobility, which has led to the company to be present today in 15 countries, where it has more than 70 OK Stores, consolidating its position in the development of the mobility sector in a global context. The President of OK Group, Othman Ktiri has highlighted that "it It is an appointment that has been planned for a long time. However, for me it was essential that Iván accompany me in the professionalization of OK Mobility before assuming these new responsibilities. Now, that these milestones at a structural and organizational level have been achieved, we can begin this new and exciting stage within OK Group," says Ktiri excitedly. "His know-how and expertise in project leadership, backed by his impeccable track record at OK Mobility, are undoubtedly the best endorsement for Iván to lead the Business area of ​​OK Group from now on."

Contact Contact name: Communication OK Group Contact description: OK Group Contact phone: 971 430 590