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BlackRock Elects Saudi Oil CEO to Board of Directors

Asset manager BlackRock has named the CEO of Aramco, the Saudi Arabian Oil Company, Amin Hassan Nasser to its board of directors. Nasser joins the board as an independent director, having previously overseen the public listing of Aramco, the largest initial public offering in history. In 2021, Aramco announced its target of achieving net zero Scope 1 and Scope 2 greenhouse gas (GHG) emissions across its wholly owned and operated assets by 2050. BlackRock now has 17 Board members, 15 of which are independent and five are women, with one third of its directors being newly elected over the past five years. Laurence Fink, Chairman and CEO at BlackRock, said: “Amin’s distinguished career at Aramco, spanning more than four decades, gives him a unique perspective on many of the key issues facing our firm and our clients. His leadership experience, understanding of the global energy industry and the drivers of the shift towards a low carbon economy, as well as his knowledge of the Middle East region, will all contribute meaningfully to the BlackRock Board dialogue.” 

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