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Saudi Telecom Company (stc) announces the resignation of the CEO.

STC 7010 -1.31% 41.40 -0.55
Element List Explanation
Introduction Saudi Telecom Company (stc) announces that the Board of Directors accepted the resignation of Chief Executive Officer Eng. Nasser S. Alnasser on 28/11/2020 corresponding to 13/04/1442H due to his personal circumstances. His resignation shall be effective as of 28/03/2021 corresponding to 15/08/1442H.

stc Board of Directors extended their sincere gratitude and appreciation to Eng. Nasser S. Alnasser for his commitment and dedication during his tenure in stc and wishes him all the best in his future endeavors.

stc Board of Directors has also delegated the Nomination and Remuneration Committee to start searching for a CEO successor and submit the candidates’ list to the Board of Directors while taking stc’s succession plan into consideration.

Any new development will be announced in due course.

Element List Explanation
Name of the Resigning CEO Eng. Nasser S. Alnasser
Resignation Acceptance Date 2020-11-28 Corresponding to 1442-04-13
Resignation Effective Date 2021-03-28 Corresponding to 1442-08-15
Reasons for Resignation Personal circumstances.

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