Wafrah for Industry and Development Company announced that Mohammad Abdulaziz Al Fadhli will not renew his contract as the CEO of the company, Al Fadhli submitted his resignation on 21 March 2024, yet it will be effective on 1 April 2024. Meanwhile, the board named Riyan Mohammed Al Mansour as the Acting CEO. He has more than 20 years of experience in the industrial and investment sectors.

Al Mansour holds a bachelor's degree in electrical engineering from King Fahd University of Petroleum and Minerals in 2003, as well as a master's degree in business administration from Qassim University.