The Chairman of Advanced Electronics Company (AEC), AlSharif Nasser Al-Mansour, stated that the President and Chief Executive of the company, Dr. Ghassan Abdulrahman Al Shibl, expressed during a recent board meeting that he did not wish to renew his contract with the company due to personal reasons as his current contract expires at the end of 2015.
Dr. Al Shibl expressed his gratitude to the Board of Directors for their support to the company during his service over the last 25 years, particularly during the last 14 years in his role as President and CEO. He also expressed his full confidence in AEC as a well-structured company and in its strengths, resilience and capacity to operate in an orderly manner in a changing environment and its ability to continue to achieve its ambitions plan whilst actively serving the national economy.
In turn, the Chairman and the board extended their sincere thanks and appreciation to Dr Al Shibl for his outstanding achievement. As a result of Dr. Al Shibl’s leadership, AEC has successfully managed to build distinct and internationally-recognized technical and professional capabilities that positioned AEC as one of the most advanced regional companies in its market sectors. Guided by the wise policies of the Government of the Custodian of the Two Holy Mosques, AEC has established an excellent track record in technology transfer, contributing to the diversification of the local economy and creating job opportunities for Saudi citizens.
To leverage Dr. Al Shibl’s professional services, and to provide continuation, the board has requested and approved his appointment as a part-time consultant to support the company strategy implementation and further develop of the company capabilities in the commercial and defense areas.
Finally, the Board stated that Khaled Khowaiter, Senior Vice President and Chief Financial Officer of the company, is assigned to assume the work as Chief Executive Officer.
Established in 1988 under the directives of the Government of Saudi Arabia, the Advanced Electronics Company is an offset program company and now a recognized leader in the field of modern electronics manufacturing, system integration and repair and maintenance services.
AEC is a private sector company serving local, national, regional and international clients within the defense, telecom and manufacturing industries. The AEC charter includes design, development, manufacturing, the provision of upgrades and logistical support of electronic products & systems.
AEC is a leader in Saudization, and having consistently demonstrated the highest integrity in all areas of business and the community, is considered a strategic asset by the Saudi Arabian Government.