Yanbu National Petrochemicals Co. (Yansab) said on Monday that its board of directors approved the resignation of chairman Mutlaq Al-Morished and appointed non-executive board member Yousef bin Abdullah Al Benyan as chairman for the remaining current term.
His appointment will be discussed in the upcoming ordinary general meeting.
Al-Benyan will remain in his present position as chief financial officer. He previously served as the executive vice president of chemicals, and the executive vice president of human resources.
He has also served as the general manager of Fiber Intermediates, general manager of Sabic Americas, and general manager of Sabic Asia Pacific. Al-Benyan holds an economics degree and a Master's degree in industrial management, the company added.
Al-Morished had submitted his resignation on Sunday to join the National Industrialization Co. (Tasnee) as chief executive.
Tasnee's board approved Al-Morished's appointment, effective on Monday.
According to data available on Argaam, Sabic in December had named Al-Benyan as its chief financial officer in place of Al-Morished who stepped down in the same month.
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