Zamil ends MD assignment, appoints CEO

Logo of Zamil Industrial Investment Co.

Zamil Industrial Investment Co.'s board of directors ended the assignment of Managing Director Mohammad Sulaiman Al-Harbi, effective as of march 26, the company said in a statement to Tadawul.

It also approved the appointment of Ahmed Zaatari as CEO, effective as of March 26, 2024.

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, the company said.

It added that Zaatari 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.