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Saudi Pharmaceutical Industries and Medical Appliances Corp. (SPIMACO ADDWAIEH) announces accepting non-renewal of contract and Appointment of an Acting CEO.

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Introduction Saudi Pharmaceutical Industries and Medical Appliances Corp. (SPIMACO ADDWAIEH) announces accepting the CEO request to not renew his contract where his last working date will be the 30th of September 2023 & appoint him effective 1st October 2023 until 4th January 2024 as an advisor to SPIMACO Borad of directors.

The Board of Directors decided in their meeting which held on 28/09/2023AD Corresponding to 13-03-1445H to appoint Mr. Jerome Cabannes as Acting CEO of the company starting from 1st October 2023.

The board of directors extend their sincere thanks and appreciation to Mr.Khaled Alkhattaf.

Element ListExplanation
Name of the Resigned CEO Mr. Khaled Alkhattaf
Resignation Acceptance Date 2023-09-30 Corresponding to 1445-03-15
Resignation Effective Date 2023-09-30 Corresponding to 1445-03-15
Reasons for Resignation Due to personal circumstances
Element ListExplanation
Appointment Type Delegation
Name of the CEO Mr. Jerome Cabannes
Date of Board Resolution 2023-09-28 Corresponding to 1445-03-13
Date Work Commencement 2023-10-01 Corresponding to 1445-03-16
Brief Resume Mr. Jerome Cabannes is Chief of Operations in SPIMACO company. He holds a master’s degree in biomedical engineering from Paul Sabatier University, France. He also holds multiple certifications in Business Strategy & M&A from Oxford University and Cambridge Universities, UK.

Mr. Jerome has 30+ years of professional experience in the pharmaceutical & healthcare industry. Prior his joining to SPIMACO he held leadership positions in Servier Group, BIOGARAN, Stago Group, France, and AJ Group in various geographies.