Saudi Arabian Mining Co. (Ma’aden) on June 25 announced that Darren Davis has been appointed acting CEO, effective July 1. He is currently senior vice president, finance, and CFO. The company’s board of directors thanked Khalid bin Salem Al Rowais for having temporarily assumed the role as acting CEO, and for his many years at Ma’aden. Al Rowais, who is unable to continue in an executive capacity for health reasons, will continue serving the company as a senior executive advisor.
Davis joined Ma’aden in 2012 after a 20-year banking career. He was appointed CFO in 2016. The company said he has held several critical roles at Ma’aden, including leading the company fund raising program and playing an integral role in establishing some of its key joint ventures.