| Element List | Explanation |
|---|---|
| Introduction | Based on the powers granted to the Board of Directors, and in accordance with the provisions of the Company’s Articles of Association and the Corporate Governance Regulations, and after reviewing the qualifications and professional experience, the Board of Directors has resolved the following: Appointment of Mr. Adriano Alberto Luz, holder of IQAMA number (2608290553), as Acting Chief Executive Officer of Saudi Parts Center Company, effective as of the date of this resolution: 11/01/1447H corresponding to 06/07/2025G. The Acting CEO is granted full executive and administrative powers necessary to manage the company's daily operations, in accordance with the policies and regulations approved by the Board of Directors. |
| Element List | Explanation |
|---|---|
| Appointment Type | Delegation |
| Name of the Appointed Person | Adriano Alberto Luz |
| Date of Board Resolution | 2025-07-06 Corresponding to 1447-01-11 |
| Date Work Commencement | 2025-07-06 Corresponding to 1447-01-11 |
| Brief Resume | An Executive professional with 30 years’ international experience providing strategic leadership and direction to companies with proven success in driving profitability while reducing operating costs in extreme and challenging environments in South America, Europe, Middle East and Africa, and circumstances like Covid and war in Ukraine. Reputation for spearheading successful divisional-splits, manufacturing, global purchasing, acquisition, JV and restructuring, cost reduction programs and turnarounds. Driving future growth and success through long-term planning, business development and global purchasing combined with profound communication skills utilised to develop and motivate teams, fortify and maintain key stakeholder relationships and implement innovative concepts. |
