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CMCER

09 January, 2025 08:10

The Canadian Medical Center Company announces the non-renewal of the current CEO's contract and the appointment of a new CEO.

Element ListExplanation
Introduction The Canadian Medical Center Company announces the decision of its Board of Directors issued on 08/01/2025 as follows: First: The non-renewal of the contract of the current CEO, Mr. Mohammed Yanouri, based on his request not to extend the contract upon its expiration on 23/01/2025, with mutual agreement between both parties to not continue. Second: The appointment of Mr. Abdullah bin Saad Al-Otaibi as the new CEO of the company, effective from 23/01/2025. The Board of Directors extends its gratitude and appreciation to Mr. Mohammed Yanouri for his efforts and contributions during his tenure as the company's CEO, wishing him continued success in the future. The Board also wishes Mr. Abdullah Al-Otaibi success and prosperity in his new role as the company's CEO.
Element ListExplanation
Name of the Resigned Person Mohammed Yanouri
Resignation Acceptance Date 2025-01-08 Corresponding to 1446-07-08
Resignation Effective Date 2025-01-23 Corresponding to 1446-07-23
Reasons for Resignation Based on his request not to renew his contract, with mutual agreement between both parties to not continue.
Element ListExplanation
Appointment Type Appointment
Name of the Appointed Person Abdullah Saad Al-Otaibi
Date of Board Resolution 2025-01-08 Corresponding to 1446-07-08
Date Work Commencement 2025-01-23 Corresponding to 1446-07-23
Brief Resume Mr. Abdullah Al-Otaibi has held several leadership positions within the company, culminating in his appointment as Deputy CEO based on the recommendation of the Compensation and Nomination Committee. Mr. Abdullah Al-Otaibi brings over 18 years of experience, having worked in key sectors such as banking, oil and gas, and petrochemicals. He has held prominent leadership roles, including Business Development Manager, Middle East Sales Manager, and Regional Manager.

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