The National Agricultural Development Co., better known as Nadec, appointed Solaiman Abdulaziz Altwaijri as CEO following the resignation of Steen Hadsbjerg.
Hadsbjerg resigned for “personal reasons”, and also left the company’s board, according to a bourse statement.
Altwaijri has been a member of the current Board since Nov. 1 and has held various leading positions, the last of which was CEO of Saudi Arabian Amiantit Co.
The National Agricultural Development Company is one of the biggest agricultural and food-processing share stock companies in the Middle East and North Africa.
It was founded in 1981 and is headquartered in Riyadh.