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Saudi Steel Pipe Company announces the resignation of its Managing Director and Chief Executive Officer and the appointment of a new Managing Director and Chief Executive Officer for the Company.

1320
SSP
4.28 %
1444/10/13     03/05/2023 16:00:28

Element ListExplanation
Introduction The Board of Directors of Saudi Steel Pipe Company announces that Mr. Mariano Armengol Lamazares has resigned for personal reasons as Managing Director and Chief Executive Officer with effect as of 30 June 2023. The resignation was accepted by board resolution issued on 3 May 2023 and is effective as of June 30, 2023. The Board appointed Mr. Renwar Berzinji as new Managing Director and Chief Executive Officer starting on 1 July 2023. Mr. Mariano Armengol Lamazares will continue serving as member of the board of directors of Saudi Steel Pipe Company.
Element ListExplanation
Name of the Resigned CEO Mariano Armengol Lamazares
Resignation Acceptance Date 2023-05-03 Corresponding to 1444-10-13
Resignation Effective Date 2023-06-30 Corresponding to 1444-12-12
Reasons for Resignation Personal reasons
Element ListExplanation
Appointment Type Appointment
Name of the CEO Renwar Berzinji
Date of Board Resolution 2023-05-03 Corresponding to 1444-10-13
Date Work Commencement 2023-07-01 Corresponding to 1444-12-13
Brief Resume Enclosed
Attached Documents  

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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Last Price 53.6
Net Change 2.2 (+4.28%)
Value Traded (Sar) 23,752,257.5
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