Development Works Food Co. Announces Resignation and Appointment of a Chairman
| Element List | Explanation |
|---|---|
| Introduction | Development Works Food Co. Announces its Board of Directors' decision approving the resignation of the Chairman of the Board, His Excellency Mr. Ashry bin Saad Al-Ashry - Non-Executive, from the presidency and membership of the Board due to his special circumstances.
As well as approving the appointment of Mr. Anas bin Salih bin Ibrahim Al-Amoud as Chairman of the Board of Directors (independent). The Board of Directors of the company extends its sincere thanks and appreciation to Mr. Ashry bin Saad Al-Ashry for his appreciated efforts during his membership and presidency of the Board. |
| Element List | Explanation |
|---|---|
| Resigned Member Name | Ashry bin Saad Al-Ashry |
| Membership Type | Non- Executive |
| Resignation Submission Date | 2023-07-02 Corresponding to 1444-12-14 |
| Resignation Acceptance Date | 2023-07-09 Corresponding to 1444-12-21 |
| Resignation Effective Date | 2023-07-09 Corresponding to 1444-12-21 |
| Membership Starting Date for the Resigned Member | 2021-10-30 Corresponding to 1443-03-24 |
| Reasons of Resignation | his own circumstances |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Anas bin Salih bin Ibrahim Al-Amoud |
| Membership Type | Independent |
| Membership Start Date | 2021-10-30 Corresponding to 1443-03-24 |
| Brief Resume of the Appointed Member | He holds a Bachelor's degree in Business Administration from Imam Muhammad bin Saud Islamic University, and a Master's degree in Business Administration (MBA) majoring in Finance from Kansas State University, USA.
He has more than 15 years of experience in business management, governance and compliance. He also held several positions in the financial sector. |
| Element List | Explanation |
|---|---|
| Date of Board Meeting in which Appointed New Member(s) were Appointed | 2023-07-09 Corresponding to 1444-12-21 |
| Board Approval | Board Approval May not be Deemed Final, this Appointment Shall Be Put before the First General Assembly Meeting for Approval |
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