Riyadh, Asharq Al-Awsat-Prince Turki bin Salman has been named chairman of the Saudi Research and Marketing Group (SRMG), succeeding Prince Faisal bin Salman who was recently appointed governor of Medina province.

SRMG’s Board of Directors yesterday announced that the changes were approved in a board meeting last Thursday in Riyadh.

At the meeting, the board members acknowledged Prince Faisal’s efforts in leading SRMG to achieve numerous important accomplishments during his 10 year tenure.

SRMG is the parent company of Asharq Al-Awsat.

Prince Turki’s tenure as chairman for the current session extends to April 30, 2015, the board said. The appointment will be put up for approval at the next regular General Assembly meeting.

Prince Turki was born in Riyadh in 1987. He holds a bachelor degree in marketing from King Saud University and he is currently the chairman of Tharawat Holding Company.

Dr. Abdul Rahman Al-Shubaily has been appointed SRPC board of trustees’ member and secretary-general. Established in 2008, SRPC board of trustees is first of its kind in the Arab media in terms of its structure, mission and powers.

The board supports professional independence of the group’s publications in line with its policy of separating management from the editorial section. It plays an effective role in the selection of editors in chief of the company’s publications and their deputies.