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CHUBB Arabia Cooperative Insurance Co. Announces Resignation of a CEO

CHUBB 8240 68.95% 32.10 13.10
Element List Explanation
Introduction Chubb Arabia announces that At the Meeting of its Board of Directors held on 25/07/1444H, 16/02/2023G, Chubb Arabia Cooperative Insurance Co. accepted the resignation of its Chief Executive Officer, Mr. Kamran Mazhar, effective from 24/08/1444H, 16/03/2023G, due to personal reasons.

The Board of Directors thanked Mr. Kamran and expressed its appreciation for his efforts during his 8 years of association with the Company, as the CEO since 2019, and with Chubb Group for over 21 years, which contributed towards the growth and development. The Board of Directors wished him the best in his career progression.

Any further developments related to the appointment of a new CEO of the Company will be announced in due course.

Element List Explanation
Name of the Resigned CEO Kamran Mazhar
Resignation Acceptance Date 2023-02-16 Corresponding to 1444-07-25
Resignation Effective Date 2023-03-16 Corresponding to 1444-08-24
Reasons for Resignation Personal Reasons

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