Red Sea International Co. Announces Resignation and Appointment of a Board Member
| Element List | Explanation |
|---|---|
| Introduction | Red Sea International Company announces the resignation of Dr. Muhammad Ali H Ikhwan from his board membership (Independent Member) as of 1st April 2020 due to his personal reasons, while his membership of the “Company” Audit Committee will continue till 21 May 2021 the last date of the committee current term.
The “Company” also announces its board decision made in accordance with the recommendation of the Nomination Compensation Committee to appoint Mr. Peter Walichnowski, as an “Independent Member” in the board of directors effective from 1st April 2020 for the current term ending on 21 May 2021 in the place of Dr. Muhammad Ikwan |
| Element List | Explanation |
|---|---|
| Resigning Member Name | Dr. Muhammad Ali H Ikhwan |
| Membership Type | Independent |
| Resignation Submission Date | 2020-03-25 Corresponding to 1441-08-01 |
| Resignation Acceptance Date | 2020-03-31 Corresponding to 1441-08-07 |
| Resignation Effective Date | 2020-04-01 Corresponding to 1441-08-08 |
| Membership Starting Date for the Resigning Member | 2018-05-10 Corresponding to 1439-08-24 |
| Reasons of Resignation | Persona Reasons |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Mr. Peter Walichnowsk |
| Membership Type | Independent |
| Membership Start Date | 2020-04-01 Corresponding to 1441-08-08 |
| Brief Resume of the Appointed Member | Mr. Peter Wallynowski has more than 40 years of experience, most of which spent in leadership positions within the region, such as the CEO of Majid Al Futtaim Properties in Dubai where he was responsible for developing a number of real estate mega projects that include hotels and commercial complexes, including the Mall of the Emirates, and the CEO of Al Ghurair Investment. He also held leadership positions in Australia, United Kingdon, Korea and China.
He holds a Bachelor's degree in Architecture from the University of New South Wales Australia and a number of management and governance training courses from Harvard University in America and INSEAD in Switzerland. Currently, he assumes the CEO position of Oman Tourism Development Company |
| Element List | Explanation |
|---|---|
| Date of Board Meeting in which Appointed New Member(s) were Appointed | 2020-03-31 Corresponding to 1441-08-07 |
| Board Approval | Board Approval May not be Deemed Final, this Appointment Shall Be Put before the First General Assembly Meeting for Approval |
| Additional Information | The members of the Board of Directors expressed their thanks and appreciation to Dr. Muhammad Ali Ikhwan for his valuable efforts to support the “Company” during his membership in the board and wished him best of luck in his future. The Board members welcomed Mr. Peter Wallynowski as a new member of the Board of Directors and wished him success in serving the company and support its future business and directions. |
Comments