SearchSaudi Basic Industries Corporation (SABIC) announces Resignations and Appointments of three Board Members
22/06/2020
| Item
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Details
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| Announcement for
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Resignations and Appointments
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| Position
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Board Member
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| Announcement Title
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Saudi Basic Industries Corporation (SABIC) announces Resignations and Appointments of three Board Members
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| Introduction
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Saudi Basic Industries Corporation (SABIC) announces the Board approval of resignations and appointments of three Board Members in its meeting held on Tuesday 24 Shawwal 1441 corresponding to June 16, 2020. The resignations and appointments shall take effect from the time of approval. The rationale behind the resignations is completion of Saudi Aramco acquisition of Public Investment Fund (PIF) stake in (SABIC).
The Board would like to express its sincere appreciation and gratitude toward Dr. Abdulaziz Saleh Aljarbou for leading the Board effectively during his tenure, wishing him health and wellness, as well as, other Board Members for their outmost efforts and effective contribution during their membership.
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| Resignation for the Board Member
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| Resigning Member Name
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Dr. Abdulaziz Saleh Aljarbou
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| Membership Type
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Non-Executive Member (Government Representative)
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| Resignation Submission Date
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16/6/2020
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| Resignation Acceptance Date
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16/6/2020
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| Resignation Effective Date
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16/6/2020
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| Membership Starting Date for the Resigning Member
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10/4/2019
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| Reasons of Resignation
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Completion of Saudi Aramco acquisition of Public Investment Fund (PIF) stake in (SABIC)
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| Resignation for the Board Member
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| Resigning Member Name
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Mr. Roberto Gualdoni
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| Membership Type
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Non-Executive Member (Government Representative)
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| Resignation Submission Date
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16/6/2020
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| Resignation Acceptance Date
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16/6/2020
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| Resignation Effective Date
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16/6/2020
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| Membership Starting Date for the Resigning Member
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10/4/2019
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| Reasons of Resignation
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Completion of Saudi Aramco acquisition of Public Investment Fund (PIF) stake in (SABIC)
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| Resignation for the Board Member
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| Resigning Member Name
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Mr. Rashid Ibrahim Sharif |
| Membership Type
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Non-Executive Member (Government Representative)
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| Resignation Submission Date
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16/6/2020
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| Resignation Acceptance Date
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16/6/2020
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| Resignation Effective Date
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16/6/2020
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| Membership Starting Date for the Resigning Member
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10/4/2019
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| Reasons of Resignation
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Completion of Saudi Aramco acquisition of Public Investment Fund (PIF) stake in (SABIC)
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| Appointment for the Board member
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| Appointed Member Name
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Mr. Khalid Hashim Al-Dabbagh |
| Membership Type
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Non-Executive Member |
| Membership Start Date
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16/6/2020
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| Brief Resume of the Appointed Member
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Mr. Khalid Hashim Al-Dabbagh has extensive experience in the managerial and financial field, and he currently holds the position of Senior Vice President for Finance, Strategy and Development at Saudi Aramco. He holds a Bachelor's degree in Industrial Engineering from the University of Toledo in the United States.
Appointment for the Board member |
| Appointment for the Board member
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| Appointed Member Name
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Mr. Olivier Gerard Thorel
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| Membership Type
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Non-Executive Member
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| Membership Start Date
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16/6/2020
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| Brief Resume of the Appointed Member
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Mr. Olivier Gerard Thorel has extensive experience in the field of petrochemicals and business development, and he currently holds the position of Vice President of Chemicals at Saudi Aramco. He holds a Diplome d’Ingenieur (Master equivalent) degree in science and economics from the University of Ecole Polytechnique from France.
Appointment for the Board member |
| Appointment for the Board member
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| Appointed Member Name
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Mr. Ziad Thamer Al-Murshed
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| Membership Type
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Non-Executive Member
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| Membership Start Date
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16/6/2020
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| Brief Resume of the Appointed Member
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Mr. Ziad Thamer Al-Murshed has extensive experience in international operations and energy and petrochemical fields. He is currently the Vice President of International Operations at Saudi Aramco. He holds a Bachelor's degree in Chemical Engineering from Arizona State University, and Master in Business Administration (MBA) from Massachusetts Institute of Technology (MIT).
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| Board decision
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| Date of Board Meeting in which Appointed New Member(s) were Appointed
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16/6/2020
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| Board Approval
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Board approval may not be deemed final, this appointment shall be put before the First General Assembly Meeting for approval. |