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Saudi Basic Industries Corporation (SABIC) announces Resignations and Appointments of three Board Members

22/06/2020

Home > News & Media > Latest News > Saudi Basic Industries Corporation (SABIC) announces...

Item
Details
Announcement for
Resignations and Appointments
Position
Board Member
Announcement Title
Saudi Basic Industries Corporation (SABIC) announces Resignations and Appointments of three Board Members
Introduction

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 also approves the appointment of Mr. Khalid Al-Dabbagh as Chairman of SABIC Board of Directors effective on 24 of Shawwal 1441 corresponding to June 16, 2020.

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.

Resignation for the Board Member
Resigning Member  Name
Dr. Abdulaziz Saleh Aljarbou
Membership Type
Non-Executive Member (Government Representative)
Resignation Submission Date
16/6/2020
Resignation Acceptance Date
16/6/2020
Resignation Effective Date
16/6/2020
Membership Starting Date for the Resigning Member
10/4/2019
Reasons of Resignation
Completion of Saudi Aramco acquisition of Public Investment Fund (PIF) stake in (SABIC)
Resignation for the Board Member
Resigning Member  Name
Mr. Roberto Gualdoni
Membership Type
Non-Executive Member (Government Representative)
Resignation Submission Date
16/6/2020
Resignation Acceptance Date
16/6/2020
Resignation Effective Date
16/6/2020
Membership Starting Date for the Resigning Member
10/4/2019
Reasons of Resignation
Completion of Saudi Aramco acquisition of Public Investment Fund (PIF) stake in (SABIC)
Resignation for the Board Member
Resigning Member  Name
Mr. Rashid Ibrahim Sharif
Membership Type
Non-Executive Member (Government Representative)
Resignation Submission Date
16/6/2020
Resignation Acceptance Date
16/6/2020
Resignation Effective Date
16/6/2020
Membership Starting Date for the Resigning Member
10/4/2019
Reasons of Resignation
Completion of Saudi Aramco acquisition of Public Investment Fund (PIF) stake in (SABIC)
Appointment for the Board member
Appointed Member Name
Mr. Khalid Hashim Al-Dabbagh
Membership Type
Non-Executive Member
Membership Start Date
16/6/2020
Brief Resume of the Appointed Member
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
Appointed Member Name
Mr. Olivier Gerard Thorel
Membership Type
Non-Executive Member
Membership Start Date
16/6/2020
Brief Resume of the Appointed Member
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
Appointed Member Name
Mr. Ziad Thamer Al-Murshed
Membership Type
Non-Executive Member
Membership Start Date
16/6/2020
Brief Resume of the Appointed Member
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).
Board decision
Date of Board Meeting in which Appointed New Member(s) were Appointed
16/6/2020
Board Approval
Board approval may not be deemed final, this appointment shall be put before the First General Assembly Meeting for approval.

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