In a recent development, Aramco, the renowned energy company, has made two significant appointments to its leadership team. Nasir K. Al-Naimi has been appointed as the president of Aramco's upstream business, while Mohammed Y. Al Qahtani has been appointed as the president of its downstream business. These appointments come as part of Aramco's ongoing efforts to strengthen its executive team and drive growth in its various business segments. Both Al-Naimi and Al Qahtani will report directly to Aramco's president and CEO, along with the company's executive vice presidents. This strategic move is expected to further enhance Aramco's operational efficiency and position the company for continued success in the energy industry. In a recent development, the Board of Directors has given its seal of approval to a series of new positions and appointments. These changes, set to take effect on July 1, 2023, will bring about a significant reshuffling of the executive team. Notably, the existing Upstream and Downstream Executive Vice President roles will be replaced by the newly created positions. The newly announced appointments are set to play a crucial role in advancing the company's overarching long-term strategy, spanning its extensive global portfolio and value chain.
In a recent statement, Amin H. Nasser, the President and CEO of Aramco, expressed his delight in announcing a series of appointments that highlight the company's focus on both the upstream and downstream sectors of its business. Nasser emphasized that these appointments are a testament to Aramco's ongoing transformation efforts aimed at meeting global energy demand. In a statement, the company expressed its anticipation that this decision will have a positive impact on both operational and financial performance. The move is seen as a strategic step towards supporting the company's plans for upstream capacity growth and downstream expansion. Additionally, it aligns with the company's ambitious goal of achieving net-zero Scope 1 and Scope 2 greenhouse gas emissions across its wholly-owned and operated assets by the year 2050. Aramco Group remains committed to enhancing optimization and innovation as it continues to explore new avenues for growth. The creation of these new roles is expected to play a pivotal role in achieving the company's objectives.
In a recent development, it has been reported that Mr. Al-Naimi has assumed the esteemed role of Upstream Executive Vice President, effective April 1, 2021. Meanwhile, Mr. Al Qahtani has been serving as Aramco's downstream executive vice president since September 13, 2020.
