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