stc names new CEO

Saudi Telecom Company (stc) has appointed Olayan Mohammed Alwetaid as the group's new CEO starting from 28 March 2021. 

With 20-year experience, Alwetaid had worked at Aramco before joining stc where he occupied several positions, according to the company's disclosure to the Saudi Stock Exchange (Tadawul) on Tuesday.

Before being named as the Senior VP for the consumer sector in stc, Alwetaid was the CEO of stc Bahrain.

Moreover, the new CEO heads the board of several stc subsidiaries, including Channels, Intigral, and CCC, and holds the position of the Vice-Chairman of stcPay.

Alwetaid has a bachelor's degree in Electrical Engineering from King Fahad of Petroleum and Minerals University.

It is noteworthy to mention that on 28 November 2020, the group's board accepted the resignation of the company’s CEO, Nasser S. Alnasser.

Riyadh – Mubasher