DAMMAM, 1 August 2007 -- The board of directors of Saudi Aramco has been reconstituted under Petroleum and Mineral Resources Minister Ali Al-Naimi with four new members.
Custodian of the Two Holy Mosques King Abdullah issued a royal decree reconstituting Saudi Aramco's board of directors for a period of three years beginning on Sept. 27.
The new faces in the Saudi multinational are: King Fahd University of Petroleum and Minerals Rector Khaled ibn Saleh Al-Sultan; Saudi Aramco Senior Vice President for Engineering and Project Management Salim S. Al-Aydh; former chairman of the Royal Dutch/Shell Group Mark Moody-Stuart; and former executive vice president of the International Finance Corporation and managing director of the World Bank Peter Woicke.
The other members of the new board are: Finance Minister Ibrahim Al-Assaf; president of the King Abdul Aziz City for Science and Technology Muhammad ibn Ibrahim Al-Suwaiyel; secretary-general of the Supreme Economic Council and chairman of the Capital Markets Authority Abdul Rahman Al-Tuwaijeri; president and CEO of Saudi Aramco Abdallah S. Jum'ah; senior vice president of Saudi Aramco for refining, marketing and international Abdul Aziz ibn Fahd Al-Khayyal; senior vice president of Saudi Aramco for industrial relations Khalid A. Al-Falih; and former president and CEO of Texaco James W. Kinnear.
The reconstitution of the board of directors aims at benefiting from the talent and expertise of leading personalities.
By Faiz Al-Mazrouei
© Arab News 2007
