Sipchem names Al-Saadoon as CEO, as Bahamdan resigns

Sahara International Petrochemical Co.’s (Sipchem) board of directors approved, on Dec. 15, the resignation of chief executive officer (CEO), Saleh M. Bahamdan, citing his request for retirement.

The resignation will take effect from Jan. 1, 2021, the company said in a bourse statement.

Meanwhile, the board approved the recommendation of the remuneration and nominations committee, to appoint Abdullah S. Al-Saadoon as the CEO of Sipchem effective from Jan. 1, 2021.

The new CEO has extensive experience in the field of petrochemicals extending for over 30 years, where he worked for the General Corporation for Desalination of Water and then moved to the Saudi Basic Industries Corporation (SABIC), where he held a number of leadership positions, Sipchem stated.

Al-Saadoon joined Sipchem in 2001, participating in many vital projects that the company implemented during the period of its establishment, where he held the position of head of operations and manufacturing for all the company's plants in Jubail Industrial City, as well as the position of Shared Services President to oversee the transformation process carried out in several sectors, including information technology, human resources and supply chains.

In 2019, he was appointed as operations manager of Sipchem after merger with Sahara. This is in addition to his membership in the board of directors of Sipchem in the last tenure and his current chairmanship and membership in several boards of directors of Sipchem's subsidiaries, the statement also said.