SGS CEO resigns; Mohammad A Mazi takes over as new CEO

The Saudi Ground Services Company has announced the resignation of its Chief Executive Officer, Raed Hassan Al-Idrisi, effective July 24, 2024.

The outgoing CEO, Raed, served the company for five years, having joined in 2019 as the Vice President of Operations and being promoted to his current role in 2021. The company stated, “The Board of Directors has accepted the resignation of the Company's Chief Executive Officer, Mr. Raed bin Hassan Al-Idrissi, dated 24 July 2024, corresponding to 18-01-1446, based on his personal and work conditions, as recommended by the Nominations and Remuneration Committee.”

Prior to SGS, Raed worked with Aramco for over 18 years. He is currently serving as Chairman for TLD Arabia Equipment Services and Saudi Amad for Airport Services & Transport Support.

In addition to Raed’s resignation, the leading ground-handling service provider has announced the appointment of Mohammed bin AbdulKarim Mazi as the new CEO, effective from September 2024. The company stated, “The Board of Directors, based on the recommendation of the Nominations and Remuneration Committee, has decided to appoint Mr. Mohammed bin AbdulKarim Mazi as the Chief Executive Officer of the Saudi Ground Services Company, effective from 01-09-2024.”

In his new role, Mazi, who has been serving as the Executive VP of Operations since 2022, brings over two decades of leadership experience. He joined SGS in 2020 as the Executive VP of Finance and Business Development. Prior to that, he worked with leading organisations, including Johnson Controls Arabia as the Chief Financial Officer and Saudi Aramco as the Division Head of Planning and Performance Management.

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On the academic front, Mazi holds an MBA degree from Mays Business School at Texas A&M University and a BSc degree in Accounting, Business Administration, and Management from the University of New Orleans. During the transition period, he will work closely with Raed to smoothly assume his new responsibilities.

Extending its wishes to the outgoing CEO, the company said, “The Board of Directors extends its thanks and appreciation to Mr. Raed bin Hassan Al-Idrissi for his efforts during the period he spent serving the company since joining in 2019, and wishes him continued success and achievement.”