Two new members have been appointed to the SEDCO Holding Group’s board of directors: Yaser Saleh bin Mahfouz and Simon Palethorpe, completing its eight-member board.
Chairman of the Board of Directors of SEDCO Holding Group, Sheikh Saleh bin Mahfouz, said: “The confidence placed by the board in the two new members’ expertise highlights the strengthening of governance controls through a knowledgeable board of directors, whose members are experienced in various business sectors, thus ensuring the group’s leadership through bringing international expertise and knowledge to the local scene, as well as adding value to the businesses and activities managed by the group across various economic sectors and investment portfolios to achieve the objectives of the Kingdom’s Vision 2030.”
Hasan Al-Jabri, CEO of SEDCO Holding Group, said: “The appointment of Yaser bin Mahfouz and Simon Palethorpe as the newest members of the board is a well-informed decision, considering their immense regional and global knowledge and experience. They will make a valuable addition to the group’s diverse business and investment activities, effectively contributing to the implementation of the Saudi Vision 2030.”
Bin Mahfouz has over 15 years of global investment experience, acquired by working with numerous reputable international investment companies. He has also held several senior positions within the SEDCO Holding Group.
Palethorpe has over 27 years of experience in management consulting, supply chain and marketing of brands and business to business service and retail sectors. He has gained valuable experience through his work at many international companies, including ATG, Terra Firma Capital, and Avis Europe.
By leveraging international expertise and adopting best practices in business, SEDCO Holding Group aims to achieve the national interests and objectives of the Kingdom’s Vision 2030, the company said in a statement.