Savola Group’s (2050.SE) Board of Directors (BoD) has accepted the resignation of Muwafak Mansour Jamal, chief executive officer (CEO) of the company’s retail subsidiary, Panda (91% owned). The BoD assigned the group’s current CEO Rayan Mohamed Fayez, as Panda’s new CEO as of 24 November 2016, until a replacement is found. (Mubasher) Savola: SAR37.10 as of 23 November 2016, Rating: Neutral, FV: SAR40.00 per share, MCap: USD5,283mn, SAVOLA AB / 2050.SE
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