Logo ofNational Gypsum Co.
National Gypsum Co. said its board approved on March 31 the resignation of Managing DirectorMajid Gharbawi, submitted a day earlier, with Gharbawi to continue as a board member. 
In a statement to Tadawul, the company said his status was changed to a non-executive board member from executive, effective March 31, until the end of the current board term, adding that it will complete the required regulatory procedures with the relevant authorities.
In a separate statement, the company said the board appointed Mohamed Daaboul as managing director, effective April 1.
The appointment remains subject to approval by the general assembly at its first meeting.
Daaboul holds a degree in industrial systems engineering from Ohio State University and has over 35 years of experience in the industrial sector. He also serves on the boards of several joint stock companies and brings extensive experience in governance and board responsibilities, the company said.
Logo ofNational Gypsum Co.
National Gypsum Co. said its board approved on March 31 the resignation of Managing DirectorMajid Gharbawi, submitted a day earlier, with Gharbawi to continue as a board member.
In a statement to Tadawul, the company said his status was changed to a non-executive board member from executive, effective March 31, until the end of the current board term, adding that it will complete the required regulatory procedures with the relevant authorities.
In a separate statement, the company said the board appointed Mohamed Daaboul as managing director, effective April 1.
The appointment remains subject to approval by the general assembly at its first meeting.
Daaboul holds a degree in industrial systems engineering from Ohio State University and has over 35 years of experience in the industrial sector. He also serves on the boards of several joint stock companies and brings extensive experience in governance and board responsibilities, the company said.
