Yanbu National Petrochemicals Co. (Yansab) announced that its board of directors accepted the resignation of Eng. Mutlaq H. Al-Morished, (non-executive) Chairman and board member, which was submitted on January 11, 2015.
The company appointed Yousof bin Abdullah Al Bonyan in his place as board member and chairman for the rest of the current term. The appointment will be discussed in the upcoming ordinary general meeting.
Meanwhile, Saudi Kayan Petrochemical Co. (Kayan) also announced that its board of directors accepted Al-Morished’s resignation from his position as (non-executive) board member and chairman.
The board appointed Eng. Omar bin Abdullah Al Amoudi in his place to complete the remaining term.
Al-Morished will move to National Industrialization Co. (Tasnee) as chief executive officer.
Photo Credit: Arabianeye-Reuters