{"id":833960,"date":"2025-04-04T07:34:43","date_gmt":"2025-04-04T11:34:43","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/forafric-global-announces-leadership-transition-new-chairman-of-the-board-appointed\/"},"modified":"2025-04-04T07:34:43","modified_gmt":"2025-04-04T11:34:43","slug":"forafric-global-announces-leadership-transition-new-chairman-of-the-board-appointed","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/forafric-global-announces-leadership-transition-new-chairman-of-the-board-appointed\/","title":{"rendered":"FORAFRIC GLOBAL Announces Leadership Transition: New Chairman of the Board Appointed"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">\n        <strong>CASABLANCA, MOROCCO, April  04, 2025  (GLOBE NEWSWIRE) &#8212; <\/strong>Forafric Global (Nasdaq: AFRI, or the \u00ab Company \u00bb), a leading vertically integrated agribusiness serving Africa, today announced that Khalid Assari, the CEO of the Company, has been appointed as Chairman of the Board, effective April 4th, 2025. Mr. Assari replaces Mr Saad Bendidi.<\/p>\n<p align=\"justify\">Mr. Assari has had a long and successful career in agricultural business, holding several senior positions within Caisse de D\u00e9p\u00f4ts (CDG Group). Mr. Assari holds an MBA in finance from Old Dominion University in Norfolk, Virginia, United States.<\/p>\n<p align=\"justify\">\u201cI am honored to take on the role of Chairman and look forward to working closely with the Board and leadership team to advance Forafric Global\u2019s mission and strategic goals,\u201d said Mr. Assari.<\/p>\n<p align=\"justify\">\n        <strong>About Forafric<\/strong>\n      <\/p>\n<p align=\"justify\">Forafric is a leading agribusiness player in Africa with activities in Morocco and Sub-Saharan Africa. It is a milling industry leader with a complete range of flour and semolina, and secondary processing products such as pasta and couscous. The Group operates 12 industrial units, and 2 logistics platforms. Forafric exports its products to more than 45 countries around the world. Forafric intends to continue expanding in Morocco.<\/p>\n<p align=\"justify\">\n        <strong>Forward-Looking Statements<\/strong>\n      <\/p>\n<p align=\"justify\">This press release contains \u201cforward-looking statements.\u201d Such statements may be preceded by the words \u201cintends,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201cplans,\u201d \u201cexpects,\u201d \u201canticipates,\u201d \u201cprojects,\u201d \u201cpredicts,\u201d \u201cestimates,\u201d \u201caims,\u201d \u201cbelieves,\u201d \u201chopes,\u201d \u201cpotential,\u201d or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions, and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company\u2019s control, and cannot be predicted or quantified, and, consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. None of the outcomes expressed herein are guaranteed. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) our ability to obtain quality raw materials; (ii) difficulties in obtaining financing on commercially reasonable terms; (iii) changes in the size and nature of our competition; (iv) loss of one or more key executives or scientists; and (v) difficulties in securing regulatory approval for our materials and products. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company\u2019s filings with the Securities and Exchange Commission (SEC), including the Company\u2019s Annual Report on Form 20-F. Investors are urged to read these documents free of charge on the SEC\u2019s website at <u><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=VeTalRJPVVDDAdzy4BN7x2bLYlTm3pWQBtauafIDRrCOgs8TJW1SpbCK9QPp9k59Fmljw49lcNA-ViTVSVTrjA==\" rel=\"nofollow\" target=\"_blank\">http:\/\/www.sec.gov<\/a><\/u>. The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.<\/p>\n<p>\n        <strong>Contact Information: <\/strong><br \/>\n        <br \/>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Lm_-aaX8XY4yfEgJPHW52eCq_7wz7puSdDJKBf08-wBTWhAjTPoSD23xWF4e4HDOf1Dq8i0Hssg4iWrp1phg_fqomHswLLUA6CMNM_DJ6-A=\" rel=\"nofollow\" target=\"_blank\"><br \/>\n          <u>info@forafric.com<\/u><br \/>\n        <\/a>\u00a0<\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQxNzA0NiM2ODUxMzk5IzUwMDEzMTc4OA==\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/OTQ5MjdlNWEtZGRkYy00Mzc3LTllY2QtMTA4MjM2NGRkMWE0LTUwMDEzMTc4OC0yMDI1LTA0LTA0LWVu\/tiny\/Forafric-Global-PLC.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>CASABLANCA, MOROCCO, April 04, 2025 (GLOBE NEWSWIRE) &#8212; Forafric Global (Nasdaq: AFRI, or the \u00ab Company \u00bb), a leading vertically integrated agribusiness serving Africa, today announced that Khalid Assari, the CEO of the Company, has been appointed as Chairman of the Board, effective April 4th, 2025. Mr. Assari replaces Mr Saad Bendidi. Mr. Assari has had a long and successful career in agricultural business, holding several senior positions within Caisse de D\u00e9p\u00f4ts (CDG Group). Mr. Assari holds an MBA in finance from Old Dominion University in Norfolk, Virginia, United States. \u201cI am honored to take on the role of Chairman and look forward to working closely with the Board and leadership team to advance Forafric Global\u2019s mission and strategic goals,\u201d &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/forafric-global-announces-leadership-transition-new-chairman-of-the-board-appointed\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;FORAFRIC GLOBAL Announces Leadership Transition: New Chairman of the Board Appointed&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-833960","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FORAFRIC GLOBAL Announces Leadership Transition: New Chairman of the Board Appointed - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/forafric-global-announces-leadership-transition-new-chairman-of-the-board-appointed\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FORAFRIC GLOBAL Announces Leadership Transition: New Chairman of the Board Appointed - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"CASABLANCA, MOROCCO, April 04, 2025 (GLOBE NEWSWIRE) &#8212; Forafric Global (Nasdaq: AFRI, or the \u00ab Company \u00bb), a leading vertically integrated agribusiness serving Africa, today announced that Khalid Assari, the CEO of the Company, has been appointed as Chairman of the Board, effective April 4th, 2025. Mr. Assari replaces Mr Saad Bendidi. Mr. Assari has had a long and successful career in agricultural business, holding several senior positions within Caisse de D\u00e9p\u00f4ts (CDG Group). Mr. Assari holds an MBA in finance from Old Dominion University in Norfolk, Virginia, United States. \u201cI am honored to take on the role of Chairman and look forward to working closely with the Board and leadership team to advance Forafric Global\u2019s mission and strategic goals,\u201d &hellip; Continue reading &quot;FORAFRIC GLOBAL Announces Leadership Transition: New Chairman of the Board Appointed&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/forafric-global-announces-leadership-transition-new-chairman-of-the-board-appointed\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-04-04T11:34:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQxNzA0NiM2ODUxMzk5IzUwMDEzMTc4OA==\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/forafric-global-announces-leadership-transition-new-chairman-of-the-board-appointed\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/forafric-global-announces-leadership-transition-new-chairman-of-the-board-appointed\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"FORAFRIC GLOBAL Announces Leadership Transition: New Chairman of the Board Appointed\",\"datePublished\":\"2025-04-04T11:34:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/forafric-global-announces-leadership-transition-new-chairman-of-the-board-appointed\\\/\"},\"wordCount\":444,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/forafric-global-announces-leadership-transition-new-chairman-of-the-board-appointed\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTQxNzA0NiM2ODUxMzk5IzUwMDEzMTc4OA==\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/forafric-global-announces-leadership-transition-new-chairman-of-the-board-appointed\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/forafric-global-announces-leadership-transition-new-chairman-of-the-board-appointed\\\/\",\"name\":\"FORAFRIC GLOBAL Announces Leadership Transition: New Chairman of the Board Appointed - 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