{"id":52344,"date":"2015-12-15T18:42:38","date_gmt":"2015-12-15T18:42:38","guid":{"rendered":"https:\/\/one.sightlinemg.com\/defensenews\/uncategorized\/2015\/12\/15\/saudi-s-advanced-electronics-co-names-new-ceo\/"},"modified":"2026-08-07T23:51:28","modified_gmt":"2026-08-07T23:51:28","slug":"saudi-s-advanced-electronics-co-names-new-ceo","status":"publish","type":"post","link":"https:\/\/one.sightlinemg.com\/defensenews\/industry\/2015\/12\/15\/saudi-s-advanced-electronics-co-names-new-ceo\/","title":{"rendered":"Saudi&#8217;s Advanced Electronics Co. Names New CEO"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><i>The story has been updated to clarify that Khowaiter has been appointed as an interim CEO.<\/i><\/p>\n\n\n\n<p>DUBAI, United Arab Emirates \u2014 One of the longest serving chief executives in Saudi Defense will leave <span class=\"rte rte-comment\">be leaving <\/span>his post this year, Saudi Arabia&#8217;s Advanced Electronics Co. (AEC) announced Tuesday.<span class=\"rte rte-comment\">today.<\/span><\/p>\n\n\n\n<p>In a statement, AEC Chairman Al-Sharif Nasser al-Mansour<span class=\"rte rte-comment\">,<\/span> said that the president and chief executive of the company, <span class=\"rte rte-comment\">Dr. <\/span>Ghassan Abdulrahman al-Shibl, <span class=\"rte rte-comment\">said during <\/span>told a recent board meeting that he did not wish to renew his contract with the company when it expires at the end of 2015 due to personal reasons. <span class=\"rte rte-comment\">as his current contract expires at the end of 2015.<\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Khaled Khowaiter, senior vice president and chief financial officer of the company, has been assigned as interim-CEO.<\/p>\n\n\n\n<p>Al-Shibl <span class=\"rte rte-comment\">has <\/span>worked with the electronics integrator for the last 25 years, spending 14 years <span class=\"rte rte-comment\">in his role <\/span>as <span class=\"rte rte-comment\">P<\/span>president and CEO.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">AEC is part of Saudi Arabia&#8217;s offset regime, a company that helps foreign contractors fulfill local partnering and technology transfer obligations.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Most recently, AEC signed a memorandum of understanding with Raytheon for collaboration on the development of weapon systems, integrated sensors, civil aviation and cybersecurity. The two companies have worked together for two decades on the F-15 program in Saudi Arabia.<\/p>\n\n\n\n<p>Furthermore, Lockheed Martin announced at the Dubai Airshow <span class=\"rte rte-comment\">announced <\/span>a $263 million contract to partner<span class=\"rte rte-comment\">ing <\/span>with AEC to sustain Saudi Arabia&#8217;s F-15 sensor suite.<img decoding=\"async\" align=\"left\" alternate=\"\" assetid=\"77364168\" assettype=\"oembed\" class=\"imgAsset middle\" credit=\"\" cutline=\"Lockheed Nabs Contract To Sustain Saudi F-15 Sensors \" providername=\"Defense News\" src=\"\/Portals\/_default\/Skins\/PrestoLegacy\/CommonCss\/images\/smartembed.png\" style=\"float: left;\" title=\"Lockheed Nabs Contract To Sustain Saudi F-15 Sensors [oembed : 77364168] [oembed : 77364168] [oembed : 77364168] [oembed : 77364168] [oembed : 77364168] [oembed : 77364168] [oembed : 77364168] [oembed : 77364168]\" width=\"50px\"\/><\/p>\n\n\n\n<p>Under the contract, Lockheed and will join with AEC to sustain the sensor suite on the Royal Saudi Air Force&#8217;s F-15 fleet: Sniper advanced targeting pods, which provide air-to-ground and air-to-air targeting capability; LANTIRN extended range navigation pods; and infrared search and track <span class=\"rte rte-comment\">(IRST) <\/span>systems.<\/p>\n\n\n\n<p>The company added in its statement that the board <span class=\"rte rte-comment\">has <\/span>requested and approved the appointment of al-Shibl as a part-time consultant to &#8220;support the company strategy implementation and further development of the company capabilities in the commercial and defense areas.&#8221;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Khaled Khowaiter, senior vice president and chief financial officer of the company, has been assigned as CEO. Chief Executive Officer.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Email: <a href=\"mailto:amustafa@defensenews.com\">amustafa@defensenews.com<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Twitter: <a href=\"https:\/\/twitter.com\/awadz\">@awadz<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Saudi Arabia&#8217;s Advanced Electronics Co. announced president and CEO Ghassan Abdulrahman al-Shibl is leaving the company.<\/p>\n","protected":false},"author":7,"featured_media":113810,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_yoast_wpseo_meta-robots-noindex":"","_yoast_wpseo_meta-robots-nofollow":"","_yoast_wpseo_canonical":"","_acf":"","_yoast_wpseo_primary_category":12,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","_smg_distribution_targets":[]},"categories":[33,12,19],"tags":[],"coauthors":[3433],"class_list":["post-52344","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-home","category-industry","category-pentagon"],"acf":{"subheadline":"","legacy_arc_id":"SM2GRYCWNFCCTP45XDOPCRUT7U","arc_canonical_url":"\/industry\/2015\/12\/15\/saudi-s-advanced-electronics-co-names-new-ceo\/","remove_feature_photo":false,"is_sponsored":false,"subtype":"","redirect_url":"","disable_inline_ads":false,"native_logo_pretext":"Presented By:"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.0 (Yoast SEO v28.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Saudi&#039;s Advanced Electronics Co. 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