AI Summary
Tharwah names Saleh Al-Harthi as CEO in place of Mardi Al-Zahrani
Altharwah Albashariyyah Co. (Tharwah) said that its board of directors approved on Dec. 23 changes to the composition of board and executive management positions for the current term, which began on Dec. 10, 2023, and runs until Dec. 9, 2027. The new changes will take effect from Jan. 1, 2026.
In a Tadawul statement, the company said it accepting the request of Saleh Al-Harthi to step down as Chairman while maintaining his position as a board member. Tharwah appointed Abdullah Al-Dablan as Chairman, naming Fahad bin Muammar as Vice Chairman.
The board also approved the resignation of Abdullah Al-Zahrani from his role as CEO, effective Jan. 1, 2026, at his request to focus on his supervisory and strategic role and business development as managing director, while continuing as a board member in that capacity.
Additionally, the board approved the appointment of Saleh Al-Harthi as CEO effective Jan. 1, 2026.
The company noted that Al-Harthi has more than 25 years of professional experience in executive leadership and strategic work at listed joint-stock companies and global firms. He previously held several senior positions at Etihad Atheeb Telecom Co. (GO), including CEO of Business Support and CEO of Strategy. He also led management consulting activities as CEO of Aon Hewitt Saudi Arabia, and held various leadership roles at Saudi Telecom Co. (stc) in planning, performance, and leadership development.
The new CEO holds a PhD in Electrical Engineering from the University of California, San Diego, and currently serves—until Dec. 31, 2025—as chairman of Human Wealth Co., a position he has held since 2023.
Following the abovementioned changes, the board will be chaired by Abdullah Al-Dablan, with Fahad bin Muammar as Vice Chairman. Osama bin Abdulaziz Al-Zamil and Saleh Al-Harthi will serve as board members, while Abdullah bin Mardi Al-Zahrani will serve as Managing Director.
Be the first to comment
Comments Analysis: