STC group CEO resigns
Dr Khaled Bin Abdulaziz Al Ghuniem becomes latest in series of senior exits
Dr Khaled Bin Abdulaziz Al Ghuniem, group CEO at STC Group, has resigned, according to a statement posted on the Saudi Arabian stock exchange website. The statement indicated that the resignation was due to personal reasons.
Ghuneim was appointed group CEO in June 2012, replacing former group CEO, Saud Al Darwish, who announced his resignation from the post in April 2012. Al Ghuniem was previously CEO at Al-Elm Information Security Company.
The resignation marks the latest in a string on management changes at STC Group in the past eight months.
In September 2012, the telco said that it had accepted the resignation of Dr Ziad Al-Otaibi, group CEO for technical operations. This resignation followed closely from the resignation of Dr Saad bin Dhafer Al-Qahtani, group CEO for strategic affairs, and Ghassan Hasbani, CEO, international business.