Saudia Dairy & Foodstuff Company announced that the Board of Directors approved Mr. Waltherus Matthij's request to step down from his position as CEO, effective as of 31-October-2021G. Also, The Board of Directors decided to approved the appointment of Mr. Patrick Stillhart as CEO of the Company as of 01, November-2021G. Thereafter, Mr. Waltherus Matthijs will continue to provide direction and support to the Company's business and to ensure a smooth transition of his duties to the new CEO. Mr. Patrick Stillhart brings more than 23 years of stable and progressive career experience in the branded food FMCG industry, Mr. Patrick Stillhart held many senior positions within Nestl-, Cereal Partners Worldwide (a joint venture between Nestle and General Mills), and DKSH, covering various businesses, across the Asia Pacific, Middle East, Africa and European markets, including cereals, coffee, confectionery, and ice cream businesses.