Saudi Aramco appoints new vice presidents

27/04/2016 13:17 AST

Saudi Aramco made new appointments to its executive ranks at its board meeting last week in Japan, while reappointing president and chief executive Amin Nasser, the company's weekly magazine the Arabian Sun reported on Wednesday.

The appointments are effective from May 1 and include:

Nabeel A Al Mansour: general counsel and corporate secretary. Mansour is the first Saudi to be general counsel.

David B. Kultgen: senior vice president.

Abdulhakim A. Al-Gouhi: vice president of industrial services.

Said A Al-Hadrami: vice president of international operations.

Ahmed A Al-Subaey: vice president of marketing and supply.

Al-Gouhi, Al-Hadrami and Al-Subaey were previously executive directors in their current areas.

Salah M Al Hareky: treasurer.

Meanwhile, the board also approved a number of funding initiatives including the creation of a sukuk programme, the Arabian Sun said.

The board also decided to set up joint ventures for onshore and offshore rig services as well as provide interim financing for the planned Ras Al-Khair maritime yard. No details were mentioned.

It has also approved an additional equity contribution for its Sadara joint venture with US firm Dow Chemical. It did not disclose the size.


Reuters

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