| Element List | Explanation |
|---|---|
| Introduction | Methanol Chemicals Company (Chemanol) announces that its Board of Directors has decided to end the mandate period of Eng. Fares Ahmed Al-Abbad as Acting CEO, effective Monday, July 14, 2025. Eng. Al-Abbad will resume his role as Vice President of Manufacturing. |
Meanwhile, the Board has appointed Eng. Awadh Fahad Al-Waridah as the new CEO, effective Tuesday, July 15, 2025.
Hence, the Board expresses its sincere thanks and appreciation to Eng. Fares Al-Abbad for his efforts and valuable contributions during the past period.
The Board also welcomes Eng. Awad Al-Wuraidah in his new position, wishing him all the best and success in leading the Company towards a prosperous future.
| Element List | Explanation |
|---|---|
| Name of the Resigned Person | Eng. Fares Ahmed Al-Abbad |
| Resignation Acceptance Date | 2025-07-14 Corresponding to 1447-01-19 |
| Resignation Effective Date | 2025-07-14 Corresponding to 1447-01-19 |
| Reasons for Resignation | End of the Acting Period of the Acting CEO |
| Element List | Explanation |
|---|---|
| Appointment Type | Appointment |
| Name of the Appointed Person | Eng. Awadh Fahad Al-Waridah |
| Date of Board Resolution | 2025-07-14 Corresponding to 1447-01-19 |
| Date Work Commencement | 2025-07-15 Corresponding to 1447-01-20 |
| Brief Resume | Eng. Awadh Al-Waridah holds a Bachelor's degree in Chemical Engineering from King Saud University in Riyadh. He has over 25 years of professional experience in the petrochemical industry with SABIC, both within and outside the Kingdom. His career encompasses a diverse range of sectors including Research and Technology, Manufacturing, Strategic Business Units, Local Content, and Growth Projects. His most recent position was as General Manager of SABIC's Strategic Transformation Project "STAR". In Addition, he has served as a member of boards of directors of affiliated companies and chaired various committees within them, both inside and outside the Kingdom. |
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