BATIC appoints new acting CEO

11/06/2019 Argaam

BATIC Investment and Logistics Co.’s (BATIC) board of directors appointed on June 9 Turki Matooq Al Thonayan as an acting chief executive officer effective June 10, the firm said in a bourse statement.

 

Al Thonayan also serves as the CEO of BATIC subsidiary AMNCO.

 

The resignation of former CEO Fahd Al-Qatami was approved on the same date for professional reasons, however, he will remain a member on BATIC’s board.  

 

According to data compiled by Argaam, Al-Qatami was hired in January after former CEO Omar Al Muhammadi tendered his resignation for personal reasons.

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