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 .
