Middle East Paper Co. Announces the End of the Chief Executive Officer's Contract by Mutual Agreement and the Appointment of a New Chief Executive Officer
| Element List | Explanation |
|---|---|
| Introduction | Middle East Paper Company ("MEPCO") announces the Board of Directors' resolution dated 09 October 2026, approving the end, by mutual agreement, of the contractual relationship with Eng. Faisal Alawi Haddawi, Chief Executive Officer of the Company, with his last working day being 31 December 2026. The Board of Directors also decided to appoint Eng. Marwan Diab as Chief Executive Officer of the Company, effective 1 January 2027. The Board of Directors extends its sincere appreciation and thanks to Eng. Faisal Alawi Haddawi for his efforts and contributions during his tenure as Chief Executive Officer and wishes him continued success. |
| Element List | Explanation |
|---|---|
| Name of the Resigned Person | Faisal Alawi Haddawi |
| Resignation Acceptance Date | 2026-10-09 Corresponding to 1448-04-28 |
| Resignation Effective Date | 2026-12-31 Corresponding to 1448-07-22 |
| Reasons for Resignation | End of the contractual relationship by mutual agreement |
| Element List | Explanation |
|---|---|
| Appointment Type | Appointment |
| Name of the Appointed Person | Marwan Diab |
| Date of Board Resolution | 2026-10-09 Corresponding to 1448-04-28 |
| Date Work Commencement | 2027-01-01 Corresponding to 1448-07-23 |
| Brief Resume | Eng. Marwan Diab has 25 years of experience in the capital-intensive industrial sector, with extensive expertise in operational transformation, business restructuring, M&A, and the management and development of complex production networks across multiple markets. He previously held senior leadership positions at Arabian Packaging (Al Ghurair Group), Obegi Chemicals Group and INDEVCO Group, where he led operational and financial transformation initiatives, business restructurings, M&A transactions and integrations, and the development of manufacturing operations across regional and international markets. Eng. Diab holds an MBA in Economics and Finance from Concordia University and a Bachelor's degree in Electrical Engineering from the American University of Beirut. He is a member of the Order of Engineers in Lebanon and serves on the Board of Directors of the Dubai Business Group for Paper and Tissue (Dubai Chambers). |
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