After more than half a century at the head of the first Algerian conglomerate, Issad Rebrab, 78, boss of Cevital, officially retired on June 30. It is his son Malik who now presides over the destiny of the industrial and agri-food giant, a key player in the sugar, oil, but also aluminum profiles or glass. This succession managed during the lifetime of the founder remains rare among large African family groups.
“Evolution is natural. He rose through the ranks within Cevital to eventually hold the position of General Manager. He was the perfect successor, not only because he is his son, but also because he has the qualities to do so,” says a close collaborator. When in 2019, his father, charged with violating foreign exchange laws and producing false customs documents, was imprisoned for eight months, it was already him who acted as interim head of the group.
At Cevital, official end of the Issad Rebrab era
Born in 1971, Malik is the youngest of four boys and one girl: Omar, Yassine, Salim and Lynda. A graduate in management and finance from London University, the new boss has spent most of his career with his father in a company whose workings he knows perfectly. Our source, who requested anonymity, describes him as “a very calm, serene and thoughtful man”. He would also be “the wisest and most competent” among the children of Issad Rebrab, being in particular endowed with “great flexibility and a very great ability of listening”.