The Savola Group Announces the resignation of the Group CEO and appoints a new Group CEO
| Element List | Explanation |
|---|---|
| Introduction | The Savola Group (Group or Savola) would like to announce its Board of Directors’ acceptance of the resignation of the Group’s Chief Executive Officer, Mr. Waleed Khalid Fatani based on a mutual agreement as part of the Group’s strategic transformational direction that aims to focus on Food Sector, following a successful tenure marked by major strategic milestones. In this regard, the Savola Group’s Board extended their deepest appreciation to Mr. Fatani for his leadership, commitment, and contributions to Savola’s transformation journey during his office term. The Board also wishes him all the best in his future endeavors.
Additionally, the Board decided to appoint Mr. Sameh Mahmoud Hassan, as the new Savola Group CEO based on the Remuneration and Nomination Committee recommendation, Mr. Sameh currently holds the position of the CEO of Savola Foods Co. (a wholly owned subsidiary of Savola Group) since December 2018. This leadership change reflects the Group’s continued evolution, with Savola Foods at the center of its future growth ambitions.
It is worth mentioning that Mr. Sameh Hassan is a seasoned executive in the FMCG and food industries, where he brought decades of leadership experience across prominent regional and global organizations in the food industry and various other sectors. As a continuation of his leadership role, Mr. Sameh Hassan will commence his duties as CEO of Savola Group as of 01/07/2025. |
| Element List | Explanation |
|---|---|
| Name of the Resigned Person | Mr. Waleed Khalid Fatani |
| Resignation Acceptance Date | 2025-07-01 Corresponding to 1447-01-06 |
| Resignation Effective Date | 2025-07-01 Corresponding to 1447-01-06 |
| Reasons for Resignation | Based on a mutual agreement as part of the Group’s strategic transformational direction that aims to focus on Food Sector. |
| Element List | Explanation |
|---|---|
| Appointment Type | Appointment |
| Name of the Appointed Person | Mr. Sameh Mahmoud Hassan |
| Date of Board Resolution | 2025-07-01 Corresponding to 1447-01-06 |
| Date Work Commencement | 2025-07-01 Corresponding to 1447-01-06 |
| Brief Resume | Mr. Sameh Hassan has extensive experience in leadership, strategic planning and management of foods and industrial multinational companies and other diverse sectors. He holds bachelor’s degree in economics from the American University in Cairo. Mr. Sameh Hassan currently is the CEO of Savola Foods Company since December 2018. Previously, he held the positions of the Chief Portfolio Officer of Al-Faisaliah Group, and the Chief Operating Officer of Basamh Trading and Industries Group, preceded by almost 20 years in several international positions with Procter & Gamble Company. Mr. Sameh Hassan serves as a Board and Committees Member of a number of companies. |
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