Saudi-based Filing and Packing Materials Manufacturing Company (Fipco) has appointed Ahmed Abdullattif Albarrak as the new chairman and Faisal Muhammad Alharbi as the company's vice chairman and managing director in a major revamp of the company board.
Announcing this at the company meeting, Fipco said the board of directors have been elected for a three-year term from January 1, 2019 to December 31, 2021.
In addition to Albarrak (non-executive) and Alharbi (executive), the new board comprises Nemer Nasser Alharbi (Independent), as the chairman of The Nomination and Remuneration Committee; Ali Saleh Alshidoukhi (Independent out of the board), Ahmed Abdullattif Albarrak (non-executive), as a member, said the Saudi industrial firm in its filing to the Saudi tadawul.
According to Fipco, the Executive Committee for the current term includes Ahmed Abdullattif Albarrak (non-executive), as the chairman of the committee; Abdulrahman Ibrahim Almudaimeegh (independent), as a member; Faisal Muhammad Alharbi (executive), as a member.
The Corporate Governance Committee, which will run from January 1 to Decvember 31, 2021 includes: Abdullah Muhammad Alharbi (executive), as the chairman of the committee; Ahmed Abdullattif Albarrak (non-executive), as a member and Salah Muhammad Sabry (executive out of the board), as a member.-TradeArabia News Service