Algeria Makes 'Surprise' Change at Top of State Energy Company

  • Ould Kaddour is named chief executive officer at Sonatrach
  • Previous CEO Amine Mazouzi was in office for two years
Lock
This article is for subscribers only.

Algeria appointed a new chief executive officer at state-owned energy company Sonatrach Group, dismissing the incumbent after less than two years and bringing in the oil and gas producer’s sixth leader since 2010.

Energy Minister Noureddine Boutarfa gathered the board of Sonatrach on Monday and named Abdelmoumen Ould Kaddour as chief executive officer, replacing Amine Mazouzi, the ministry said on its Facebook page. Mazouzi becameBloomberg Terminal CEO of Sonatrach in May 2015.