Saudi Arabian Oil Company (Saudi Aramco) Announces the Appointment of Audit Committee Members and the Chair of the Audit Committee
| Element List | Explanation |
|---|---|
| Introduction | Saudi Arabian Oil Company (Saudi Aramco) announces the issuance of its Board of Directors resolution dated August 5, 2021 (corresponding to 26 Dhu-al-Hijjah 1442H) appointing the following members of the Board of Directors as members in the Audit Committee:
• HE Mohammed A. Al-Jadaan • Ms. Lynn Laverty Elsenhans • Mr. Peter L. Cella • Mr. Mark A. Weinberger • Mr. Stuart T. Gulliver The Board of Directors also resolved to appoint Ms. Lynn Laverty Elsenhans as the Chair of the Audit Committee. |
| Element List | Explanation |
|---|---|
| Appointed Member Name | HE Mohammed A. Al-Jadaan |
| Membership Start Date | 2021-08-05 Corresponding to 1442-12-26 |
| Brief Resume of the Appointed Member | HE Mohammed A. Al-Jadaan is currently Minister of Finance for Saudi Arabia and a member of the Saudi Council of Ministers. He also serves as a member of the Council for Economic and Development Affairs of Saudi Arabia. He also serves as a member of a number of international boards, including the Boards of Governors of the International Monetary Fund and the World Bank. HE Al-Jadaan has a degree in Islamic Economics from Imam Muhammad bin Saud Islamic University, and a Diploma in Legal Studies from the Institute of Public Administration, Riyadh. |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Ms. Lynn Laverty Elsenhans (Chair) |
| Membership Start Date | 2021-08-05 Corresponding to 1442-12-26 |
| Brief Resume of the Appointed Member | Ms. Lynn Laverty Elsenhans is currently a member of the Board of Directors of Baker Hughes Company, as well as GlaxoSmithKline PLC. She previously served as Chairwoman, President, and Chief Executive Officer of Sunoco Inc. and worked for Royal Dutch Shell, where she held a number of senior roles, including Executive Vice President of Global Manufacturing. She has previously served on the Boards of Flowserve Corporation and International Paper Company, and Motiva Inc., among others. Ms. Elsenhans has a Bachelor’s degree in applied mathematics from Rice University, and an MBA from Harvard Business School. |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Mr. Peter L. Cella |
| Membership Start Date | 2021-08-05 Corresponding to 1442-12-26 |
| Brief Resume of the Appointed Member | Mr. Peter L. Cella is currently a Director on the Boards of Frontdoor, Inc., Inter Pipeline Ltd. and ClockSpring:NRI. He previously served as President and CEO and as a Director of Chevron Phillips Chemical Company LP, and as Senior Vice President, Petrochemicals, North America, BASF Corporation. He has also served on the American Chemistry Council. Mr. Cella has a Bachelor’s degree in finance from the University of Illinois at Urbana-Champaign, and an MBA from the J.L. Kellogg Graduate School of Management-Northwestern University. |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Mr. Mark A. Weinberger |
| Membership Start Date | 2021-08-05 Corresponding to 1442-12-26 |
| Brief Resume of the Appointed Member | Mr. Mark Weinberger currently serves as a Director on the Boards of Johnson & Johnson and Metlife, Inc. as well as being a member on several Boards of Trustees, including the United States Council for International Business. Mr. Weinberger was the global Chairman and CEO of Ernst & Young from 2013 to 2019. He has also held several high level posts in the U.S. Government, including as Assistant Secretary of the U.S. Department of Treasury (Tax Policy) under President George W. Bush and as a Member of the Social Security Advisory Board, under President Clinton. He served on Presidential advisory councils to President Trump and President Obama. Mr. Weinberger has a Bachelor’s degree in Economics from Emory University, an MBA and JD from Case Western Reserve University, and an LLM in Taxation from Georgetown University Law Center. |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Mr. Stuart T. Gulliver |
| Membership Start Date | 2021-08-05 Corresponding to 1442-12-26 |
| Brief Resume of the Appointed Member | Mr. Stuart T. Gulliver is currently a Director on the Boards of The Olayan Group, the Saudi British Bank, the Airport Authority Hong Kong, and Jardine Matheson. He also serves on the international advisory council for the Hong Kong Stock Exchange, and as the Chairman and Non-Executive Director for Maggie’s Centres and a Trustee for the SBSA. From 2011 to 2018 he was the Group Chief Executive Officer of HSBC and Chairman of the Hong Kong and Shanghai Banking Corporation Limited (HSBC), HSBC Bank plc, and HSBC Bank Middle East Ltd. Prior to this he served in various operational and regional roles at HSBC, including Chief Executive Officer, Global Banking Markets & Global Asset Management, Group Managing Director & Head, Corporate, Investment Banking & Markets, and Group General Manager & Head, Treasury & Capital Markets APAC. Mr. Gulliver has an MA in Jurisprudence from the University of Oxford. |
| Element List | Explanation |
|---|---|
| Date of Board Meeting in which Appointed New Member(s) were Appointed | 2021-08-05 Corresponding to 1442-12-26 |
| Board Approval | 26/12/1442H (corresponding to 05/08/2021G) |
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