Al-Othaim Markets announces end of assignment of Muwaffaq Jamal as CEO, and appointment of Badr Al-Aujan as Managing Director

Abdullah Al-Othaim Markets Company announced on Sunday its Board of Directors Resolution dated 15/10/2022, by accepting the request of the delegated CEO, Mr. Muwaffaq Bin Mansour Jamal dated 12/10/2022 to terminate his delegation as CEO according to his own desire, due to his special commitments, and the last workday as CEO will be 16/10/2022 while continuing as a member of the Board of Directors and the Executive Committee, and his membership’s status in the board will be changed to a non-executive member instead of Executive member as of its date period.
The company’s board of directors extends its thanks and appreciation to Mr. Muwaffaq Mansour Jamal for his efforts during his period as a delegated CEO for the Company.
And the Board of Directors decided to appoint the Vice Chairman of the Board of Directors Eng. Bader Bin Hamid Al-Aujan as Managing Director of the company an as of 16/10/2022 to perform the company’s business until the appointment of a CEO which will be announced later, and his membership’s status in the Board will be changed from non-executive member to an executive member as of its date.
It added that Eng. Bader Bin Hamid Al-Aujan holds a Bachelor’s degree in Mechanical Engineering – King Saud University 1992, and a Graduate of the International Board of Directors Program – INSEAD, France 2019, and occupied the Board Chairman of the Board of Directors for Al Jouf Agricultural Development Company, also he occupied previous leadership positions in a several leader’s Companies. The company’s board of directors wishes the managing director all the success in his future tasks.