The Board of Aluminium Bahrain (Alba), one of the world’s largest aluminium smelters, has approved the appointment of Ahmed Abdul Qader Ishaq as the Acting Chief Financial Officer (CFO) of the company, effective October 2.

 

The current CFO, Bryan Harris, is stepping down on that day.

 

Addressing the board meeting on Thursday (Sept 28), Alba’s Chairman of the Board, Shaikh Daij Bin Salman Bin Daij Al Khalifa, said: “On behalf of the Board of Directors, I would like to thank Bryan Harris for serving the company for more than a decade and for playing a key role in driving a step-up in our financial performance. I also welcome Ahmed Abdul Qader as the Acting Chief Financial Officer to the C-Suite of Alba and wish him the very best in his new role.” 

 

Shaikh Daij started the e-meeting by saying: “Delivering consistency amidst uncertain macroeconomic outlook is our top priority. As we head into the fourth quarter of this year, we remain focused on our operational excellence and lean cost structure to finish 2023 strong.”

 

During this meeting, the Board of Directors discussed and approved the minutes of the previous meeting that was held on August 9 as well as reviewed reports of the Executive and ESG Committee, Board Audit Committee and the Nomination, Remuneration and Corporate Governance Committee. Individual Directors’ Complete Declaration and an update on the Independence of each Alba Board Director were also given during this meeting. 

 

The board also discussed strategic developments such as the proposed Line 7 Project, progress of Power Station 5 (PS5) Block 4 Project, various initiatives under the ESG Roadmap in line with Alba’s Five-Year Strategy as well as the company’s operational, financial and sales performance to-date.  – TradeArabia News Service