Advanced Electronics Company services focus of key meeting

Advanced Electronics Company (AEC) Chairman Al-Sharif Nasser Al-Mansour has announced that the company’s President and Chief Executive Ghassan Abdulrahman Al-Shibl is leaving the company.
During a recent board meeting, Al-Shibl expressed his desire not to renew his contract with the company due to personal reasons, Al-Mansour said, adding that his current contract expires at the end of 2015.
Al-Shibl expressed his gratitude to the board of directors for their support to the company during his service over the last 25 years, particularly during the last 14 years in his role as president and CEO.
He also expressed his full confidence in AEC as a well-structured company and in its strength, resilience and capacity to operate in an orderly manner in a changing environment, and its ability to continue to achieve its plans while actively serving the national economy.
In turn, the chairman and the board extended their sincere thanks and appreciation to Al-Shibl for his outstanding achievement. During Al-Shibl’s leadership, AEC successfully managed to build distinct and internationally-recognized technical and professional capabilities that positioned AEC as one of the most advanced regional companies in its market sectors.
Guided by the wise policies of the government of Custodian of the Two Holy Mosques King Salman, AEC states that it has established an excellent track record in technology transfer, contributing to the diversification of the local economy and creating job opportunities for Saudi citizens.
The board stated that Khaled Khowaiter, senior vice president and chief financial officer of the company, is assigned to assume the work as chief executive officer.