Savola CEO Waleed Fatani resigns; Sameh Hassan takes helm

Logo of Savola Group

Savola Group said its board of directors accepted the resignation of Group CEO Waleed Fatani by mutual agreement, as part of the company’s strategic transformation to sharpen its focus on the food sector.

In a statement to Tadawul, the company said the board, based on the recommendation of the nomination and remuneration committee, approved the appointment of Sameh Hassan as the new CEO, effective today, July 1.

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Hassan has served as CEO of Savola Foods Co., a wholly owned subsidiary, since December 2018.

Savola said the leadership change reflects the group’s ongoing evolution and positions Savola Foods at the heart of its growth strategy.

Hassan brings extensive experience in the fast-moving consumer goods (FMCG) sector, with a track record in strategic planning and leading multinational companies in the food and other industries.

He holds a bachelor’s degree in economics from Cairo University. His previous roles include CEO of Al Faisaliah Group’s companies and Chief Operating Officer at Basamh Group. He also spent nearly 20 years in international roles at Procter & Gamble and holds board and committee positions at various firms.