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Savola Group’s board of directors appointed Rayan Fayez as CEO effective March 1, 2016.

Prior to assuming the leadership of Savola, Mr. Fayez was previously the Managing Director and Saudi Arabia Senior Country Officer at J.P. Morgan. Prior to that, he held senior positions at Goldman Sachs’ Saudi and London offices. Mr. Fayez started his career at J.P. Morgan’s Natural Resources Investment Banking team in New York and London.

Mr. Fayez sits on the boards of the Saudi Stock Exchange (Tadawul), Almarai Dairy Company, Herfy Foods Company, Hassana Investment Company and Saudi Agricultural and Livestock Investment Company (SALIC).