Yanbu Cement appoints new CEO as Ahmed Zugail resigns

28/03/2021 Argaam

Yanbu Cement office

Yanbu Cement Co.’s board of directors approved the resignation of the chief executive officer (CEO), Ahmed Bin Abduh Zugail, effective March 27, 2021, citing personal reasons.

 

Meanwhile, the company's board of directors appointed Ali bin Abdullah Al-Ayed as CEO, effective from March 27, 2021.

 

Al-Ayed has 30 years of experience in the industry and administration sector through a number of leadership positions. Most recently, he was the CEO of the Saudi Technology Development and Investment Company.

 

Prior to that, he worked in the Saudi Industrial Development Fund from 1979 until he became its director from 2010 to 2014. He also served as a member of several boards of directors.

 

Al-Ayed holds a bachelor's degree in Industrial Management from King Fahd University of Petroleum and Minerals.

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