RIYADH: Jazan Energy and Development Co. said its board approved the appointment of Mohammed Al-Resheid as CEO, beginning Nov. 1 of this year.
This came after announcing the resignation of its CEO Bedor Nasser Al-Rashoudi due to “her personal reasons,” with her continuation as a board member, according to a bourse filing.
Al-Resheid, the upcoming CEO, has held several critical leadership positions over the course of his career in business and industry, it said.
Earlier, Jazan Energy released its first-half profits, reporting 187 percent growth to SR28 million ($7 million).
