Savola Group CEO Resigns, Sameh Hassan Appointed as Replacement

Savola Group announced on Tuesday that its Board of Directors accepted the resignation of Mr. Waleed Khalid Fatani from his position as Group CEO by mutual agreement as part of the Group’s strategic transformational direction, which aims to focus on the Food Sector. This comes after a successful tenure marked by major strategic milestones.

The Board of Directors also decided, based on the recommendation of the Remuneration and Nomination Committee, to approve the appointment of Mr. Sameh Mahmoud Hassan as the new CEO of the Savola Group. Mr. Sameh has currently served as CEO of Savola Foods (a wholly owned subsidiary of the Savola Group) since December 2018.

According to the Company, this change in executive management reflects the Group’s ongoing development, with Savola Foods occupying a pivotal position in its ambitious future growth strategy.

It is worth noting that Mr. Sameh is a seasoned leader in the Fast-Moving Consumer Goods (FMCG) Sector, with extensive experience spanning years in leadership, strategic planning and management of multinational companies in the food industry and various other sectors. Continuing his leadership role, Mr. Sameh Hassan will assume his duties as CEO of the Savola Group effective July 01, 2025