National Gas & Industrialization Co.’s (GASCO) board of directors on Tuesday appointed Mohammed Al-Otaibi as new chairman effective March 14, the company said in a statement on Tadawul Wednesday.

 

The board also accepted the resignation of the previous chairman Abdulkarim bin Hamad Al-Nojaidi.  In a separate statement, the company said Al-Nojaidi has been named as chief executive officer effective March 15, 2017.

 

This follows the resignation of Mansour Ali Alwalah on the previous day.

 

Meanwhile, Al-Otaibi has more than 30 years of experience in the banking, corporate, and government sectors. He is also a board member in a number of companies.

 

Al-Nojaidi has over 30 years of experience in the public and private sectors. He served as director general of the Human Resources Development Fund (HADAF) and as chairman of Takamol Holding.

 

According to Argaam, Al-Nojaidi was appointed as chairman in December. 

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