Zamil Industrial Investment Co. Announces Ending the Assignment of the MD and Appointment of a CEO
| Element List | Explanation |
|---|---|
| Introduction | Reference to the announcement of Zamil Industrial Investment Company on Tadawul dated 14-12-2023 regarding the appointment of Mr. Mohammad Sulaiman M. Al-Harbi as Managing Director for the Company.
Zamil Industrial Investment Company announces the Board of Directors decision (by circulation) on 25032024, ending the assignment of Mr. Mohammad Sulaiman M. Al-Harbi as Managing Director, (Executive member), due to the appointment of a CEO.
The Board also approved the appointment of Mr. Ahmed Zaatari as CEO effective 26032024 |
| Element List | Explanation |
|---|---|
| Name of the Resigned Person | Mr. Mohammad Sulaiman M. Al-Harbi |
| Resignation Acceptance Date | 2024-03-25 Corresponding to 1445-09-15 |
| Resignation Effective Date | 2024-03-26 Corresponding to 1445-09-16 |
| Reasons for Resignation | Appointment of CEO |
| Element List | Explanation |
|---|---|
| Appointment Type | Appointment |
| Name of the Appointed Person | Mr. Ahmed Zaatari |
| Date of Board Resolution | 2024-03-25 Corresponding to 1445-09-15 |
| Date Work Commencement | 2024-03-26 Corresponding to 1445-09-16 |
| Brief Resume | Mr. Ahmed Zaatari obtained his bachelor’s degree in Electrical Engineering from the University at Buffalo, New York. He is an accomplished business executive, with extensive senior-level domestic and international management experience in all aspects of P&L operations spanning strategic planning, business development, IT, digital transformation, turnarounds, business process optimization, operational efficiency.
Ahmed joined Zamil Air Conditioners in 2003 and assumed the post of VP until 2015. He was promoted to the post of President of the HVAC sector in 2023. |
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