(Reuters) – Saudi Arabia’s largest food products company Savola Group said it appointed JP Morgan’s Rayan Mohammed Fayez as chief executive, it said in a bourse filing on Tuesday.
Fayez, who was previously chief executive of JP Morgan in Saudi Arabia, is expected to take up his duties on Mar. 1, 2016, the statement said.
Fayez takes over from Abdullah M. Nour Rahemi, who will retain his position as managing director of Savola until the end of the term of the current board, which expires on June 30, the statement added. (Reporting by Hadeel Al Sayegh; Editing by David French)
Consumer healthcare firm Haleon has appointed Tate & Lyle executive Dawn Allen as its new chief financial officer, effective 1 November 2024. Allen will succeed Tobias Hestler, who has decided to step down from the role, citing a long-term health condition, the company said.
The group said that the bottling line, which adds 6,500 square metres to the existing 60,700-square-metre site, is the next necessary stage in the company’s international development. The leading brand in Campari Group’s global sales, demand for the Italian bitter apéritif has grown by 500% in the last decade.
The partnership will see Coca-Cola adopt new technology to foster innovation and productivity globally. Through the deal, Coca-Cola has made a $1.1 billion commitment to the Microsoft Cloud and its generative AI capabilities.
