(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)
The Women in Shea (WISH) initiative – which will run until 2030 – aims to reach 13,000 female shea collectors from more than 150 communities in northern Ghana.
European dairy players are breathing a sigh of relief after a five-year truce has been struck in the long-running trade dispute over subsidies for Boeing and Airbus, which saw them dragged into a conflict that seriously damaged the sector.
Kerry has agreed to offload its consumer foods’ meats and meals business in the UK and Ireland to Pilgrim’s Pride for €819 million.