Saudi Arabia’s Almarai Company has named Majed Mazen Nofal as its new chief executive, replacing Georges P. Schorderet.

The new CEO will assume position from January 1, 2020, Almarai said in a bourse statement.

Nofal was appointed as Head of Central Procurement for Almarai Company in 2010 and served in that role for seven years. In 2017, he was appointed General Manager – New Businesses and served in this capacity until his appointment as Chief Financial Officer in April 2019. In July 2019, Nofal was appointed as Deputy CEO.

(Writing by Gerard Aoun; editing by Mily Chakrabarty)

(gerard.aoun@refinitiv.com)

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