SPM terminates CEO, names an acting CEO

22/01/2020 Argaam

 

Saudi Paper Manufacturing Co.’s (SPM) board of directors approved the chairman’s decision to revoke the contract of CEO Hassan Asiree, effective from Jan. 21, 2020, based on Article 80 from the labor law.

 

The board has also named Khaled Abo Hana as acting CEO, effective from the same date, the company said in a bourse statement.

 

Abo Hana enjoys over 25 years of experience in the financial sector and is currently the company’s general manager of treasury and the acting chief financial officer, the statement added.

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