Saudi Electricity CEO resigns
Dammam, August 19, 2013
Saudi Electricity Co has approved the resgnation of its long-serving chief executive, Ali bin Saleh Al-Barrak, "upon his own request", the company said on Monday.
It said the resignation would take effect next January 1, when Ziad bin Mohammed Al-Shiha would replace him as CEO of the Gulf's largest utility firm. Shiha is currently an executive at the country's state-owned oil giant Saudi Aramco.
Saudi Electricity did not elaborate on the reasons for the change. - Reuters
More Energy, Oil & Gas Stories
- Egypt/Saudi grid tenders to be launched in 2014
- Egypt/Saudi power grid tenders in 2014
- Scottish oilfield firm expands in Mideast
- Global oil demand growth 'gaining momentum'
- Taqa targets $20m saving with HQ restructure
- Total seals Oman deepwater drilling deal
- Egypt in gas price talks with foreign firms
- Exxon offers rare Saudi gasoil term contract
- 40 Chinese firms to exhibit at energy summit
- More refinery closures on the cards for 2014: IEA