S-Oil CEO to leave office this month

S-Oil chief executive Ahmed Subaey will leave office later this month, completing his four-year term, the nation’s third largest oil refiner said Tuesday.

A new CEO will be nominated at a board meeting to be held after the company’s shareholder meeting on March 23.

Subaey will serve as CEO until the shareholder meeting, S-Oil said.

(sophie@heraldcorp.com)