BlackRock has added Amin Nasser, the chief executive of Saudi Aramco, as an independent director, as the $9.4tn money manager looks to bolster Middle East expertise on its board and fight US Republican claims that it is hostile to fossil fuel.
Nasser has headed Saudi Aramco, the world’s largest oil producer, since 2015. His addition brings BlackRock’s board to 17 members, with 15 independent directors.
Chief executive Larry Fink said the board would benefit from Nasser’s “unique perspective” including his “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”.
Read the full article here
