Savola Group names Rayan Fayez as new CEO

19/01/2016 Argaam

Savola Group’s board of directors has appointed Rayan Mohammed Fayez as the company’s chief executive, effective March 1, 2016, the Saudi-based foods group said in a statement to Tadawul.

 

Abdullah Nour Rahemi, who currently serves as chief executive, will continue his position as managing director until the end of this term on June 30, 2016, it added.

 

Fayez holds a Bachelor's degree of science in mechanical engineering from Massachusetts Institute of Technology (MIT). He previously served as managing director and group CEO of JP Morgan in Saudi Arabia. 

 

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