– USA, NY – BlackRock, Inc. (NYSE: BLK) today announced the appointment of Amin Hassan Ali Nasser to its Board as an Independent Director.
“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, the drivers of the shift towards a low carbon economy, and knowledge of the Middle East region will all contribute meaningfully to the BlackRock Board dialogue. We are delighted that BlackRock’s Board, employees, and shareholders will have the benefit of his vision and counsel.” said Chairman and CEO, Laurence Fink.
Concurrently, Bader Alsaad will not stand for reelection to the Board in 2024.
About Amin Hassan Ali Nasser
Amin Hassan Ali Nasser has served as president and CEO of the Saudi Arabian Oil Company, known as Aramco, since 2015, and has held a board seat since 2010. In 2019, he successfully led Aramco’s initial public offering, which was the largest IPO in history. He joined the company in 1982 as a petroleum engineer and later held VP and executive roles in its Upstream business.
As president and CEO, Nasser is leading Aramco’s efforts to produce cleaner energy and products through investments in promising technologies such as crude oil-to-chemicals processes, and renewable energy applications; entrepreneurial start-ups focused on cleaner energy solutions; and industry-wide efforts to minimize greenhouse gas emissions. He also advocates for an efficient, accessible, and world-class supply chain ecosystem that includes small-to-medium-sized enterprises to support Saudi Aramco’s growing procurement needs.
Nasser is also actively engaged in the advancement of people through education and training and is a champion of youth advancement and development and supports the company’s Young Leader’s Advisory Board (YLAB), designed to connect Aramco’s leadership with its young professionals.
Outside of his corporate responsibilities, Nasser is a member of the International Advisory Board of the King Fahd University of Petroleum and Minerals; the Board of Trustees of the King Abdullah University of Science & Technology; the World Economic Forum’s International Business Council; the Massachusetts Institute of Technology Presidential CEO Advisory Board; and the JP Morgan International Council.
The Society of Petroleum Engineers awarded Nasser its Lifetime Achievement Award in 2017, and 2020, he received The Chemists’ Club Kavaler Award by ICIS, and the Energy Intelligence Energy Executive of the Year award.
Nasser holds a bachelor’s degree in petroleum engineering from the King Fahd University of Petroleum and Minerals in Dhahran.
About BlackRock
BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable.
Source: https://www.blackrock.com/
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