The Company for Cooperative Insurance Announces Resignation of the CEO and Acting Assignment of a CEO
| Element List | Explanation |
|---|---|
| Introduction | The Company for Cooperative Insurance announces resignation of its Chief Executive Officer, H.E. Abdulaziz Hassan AlBoug effective 02-04-2023G, in light of the Royal Decree of appointing His Excellency as Governor of the General Organization for Social Insurance.
In this occasion, Tawuniya’s Board of Directors extends its sincere thanks and appreciation to H.E. Abdulaziz bin Hassan Al Bouq for his efforts in the Company, wishing him success in his new position.
Accordingly, the Board of Directors decided to assign Mr. Othman Yousef Alkassabi as Acting Chief Executive Officer effective 03-04-2023, wishing to success in his duties. |
| Element List | Explanation |
|---|---|
| Name of the Resigned CEO | Abdulaziz Hassan Al Boug |
| Resignation Acceptance Date | 2023-04-02 Corresponding to 1444-09-11 |
| Resignation Effective Date | 2023-04-02 Corresponding to 1444-09-11 |
| Reasons for Resignation | According to the Royal Decree of appointing His Excellency as Governor of the General Organization for Social Insurance. |
| Element List | Explanation |
|---|---|
| Appointment Type | Delegation |
| Name of the CEO | Othman Yousef Alkassabi |
| Date of Board Resolution | 2023-04-02 Corresponding to 1444-09-11 |
| Date Work Commencement | 2023-04-03 Corresponding to 1444-09-12 |
| Brief Resume | The Chief Executive Officer of the Health Insurance Sector of Tawuniya, which is considered the largest sector in the Company. He counts more than 17 years of experience in healthcare. He has held a number of key positions prior to his appointment. He was the Executive Director of Supervision and Enablement, and Acting Executive Director for Communication and spokesperson at the Council of Health Insurance (CHI). Also, he was the Chief Operating Officer, Medical Advisor, Project Manager, Performance Improvement Consultant, and Rehabilitation Development Consultant at leading healthcare organizations across the Kingdom, including King Faisal Specialist Hospital and Research Center, Sultan bin Abdulaziz Humanitarian Services City (SBAHC).
He has an Executive Masters’ degree in International Management and Leadership from Al Yamamah University, and Master degree in Business Administration from Hochschule Furtwangen University, and a Bachelors’ in Rehabilitation Sciences- Physical Therapy from King Saud University. |
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