Executive Management The Company’s executive management is delegated by the Board of Directors to manage the Company’s business. This role is performed by the Chief Executive Officer assisted by deputies and heads of business sectors and subsidiaries. This executive management is responsible for the financial, administrative, technical, operational, information technology and risk management activities, as well as all activities related to the Company’s business. Committees are also established as needed to provide assistance in implementing certain activities and contingent tasks. Pursuant to the powers delegated by the Board of Directors, the executive management is committed to act in line with the approved policies and implementing the strategic and operational plans to develop the Company’s business and to serve for the interests of the shareholders, without reserving any investment for the benefit of the Company’s employees other than their legal entitlements. It is worth noting that the five senior executives, including the CFO, do not own any share options, subscription rights, or debt instruments in the holding Company or any of its subsidiaries according to Tadawul records as of December 31, 2013, except that stated in the executive management ownership table below.
Statement of Company Senior Executives in 2014
Name
Title
Saleh Nasser Al-Jasser
Former CEO until July 31, 2014
Ibrahim Abdulrahman Al Omar
CEO as of October 1, 2014
Mohammed Omair Alotaibi
Vice CEO, Finance
Saleh Abdulrahman Al Shamekh
Head of Gas and Marine Services Sector
Naser Mohammed Al Abdulkareem
Head of Oil Transportation Sector
Ahmed Sulaiman Al Eidan
Assistant CEO, Board Secretariat and Communications
Details of ownership of senior executives, their spouses and minor children in the Company’s shares in 2014
Ownership at the beginning of the year
Ownership at the end of the year
Change dur- ing the year
Name
Change (%) Change (%)
Saleh Nasser Al-Jasser
35,000
82,000
47,000
134.3% (42.9%)
Ibrahim Abdulrahman Al Omar
-
-
-
-
-
Mohammed Omair Alotaibi
-
-
-
-
-
Saleh Abdulrahman Al Shamekh
-
-
-
-
-
Naser Mohammed Al Abdulkareem
-
-
-
-
-
Ahmed Sulaiman Al Eidan
-
-
-
-
-
Eng. Salih Nasir Al Jasser resigned as the Company’s CEO on August 1, 2014.
*
91
The National Shipping Company of Saudi Arabia ( )
Powered by FlippingBook