Saudi food manufacturer and retailer Savola has confirmed the appointment of Abdul Rouf Manna as CEO.
Manna has held a variety of posts at Savola during his 15-year career with the company, including most recently serving as managing director of subsibiary Sfia International. He will take the post of chief executive on 1 July, the company said.
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Manna will succeed Sami Mohsen Baroum, who announced on Saturday (17 April) that he would step down from the helm of the company on 30 June.
A spokesperson for Savola declined to reveal why Baroum was leaving the group, but insisted that it was “his decision to go”.
Announcing the news, Savola thanked Baroum for his contribution to “strategy implementation” and the company’s move to focus its energies on “major activities” in food manufacturing and retail.
In a separate announcement, Savola said its net profit for the first quarter jumped to SAR394m (US$105.1m), boosted by one-time financial gains. Turnover rose 31% to SAR4.7bn.
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By GlobalData
