Savola Group — Board/Management Information 2013

Jun 4, 2013

Savola Group announces the appointment of the Chairman of the Board and the MD & CEO of the Group for the new office term

2050 · 04/06/2013 15:46:22 · Announcement #31270 · View on Saudi Exchange

Savola Group announces the appointment of the Chairman of the Board and the MD & CEO of the Group for the new office term

Savola Group announces that its Board of Directors which was elected for the new office term based on the resolution of the General Assembly Meeting held on 16/03/2013 and was announced on the Saudi Stock Exchange (Tadawul) on 17/03/2013, held a meeting on Tuesday 04/06/2013 and approved the appointment of Mr. Sulaiman A. Al Muhaidib as the Chairman of the Board and Dr. Abdulraouf M. Mannaa as the MD and CEO of the Group. This resolution shall become effective as of 01/07/2013 and for a period of three years. In this regard, the Board members of the new office term wished the Chairman and the MD & CEO all the success and blessing in their responsibilities and the mandate assigned to them.

It is worth mentioning that Mr. Sulaiman Al Muhaidib is one of the well-known leader with excellent, successful leadership competencies, and hold the chairmanship position of the Group for the period from August, 2010 till the present. He also hold many leadership positions in number of companies and institutions, most notably his chairmanship of Al Muhaidib holding Co. and his membership on the board of some banks and joint stock companies that operate in the field of industry, communication, trade and Contracting.

Whereas, Dr. Abdulraouf Mannaa holds a PhD in engineering from University of Washington and a master's degree in engineering from University of California, Berkeley, USA. He assumed the MD position of the Group from 01/07/2010 till to-date. He also served in many leadership positions in Savola Group over 18 years, most notably, being the MD of the Savola Group from April 2005 til March 2007, where he led the Groups business with high efficiency in all its operations and activities in KSA and overseas.

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