BlackRock Appoints CEO of Oil Giant Aramco to Its Board
- Fink says BlackRock to get ‘unique perspective’ on key issues
- Bader Al-Saad won’t stand for re-election to board next year
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BlackRock Inc. has named Saudi Aramco Chief Executive Officer Amin Nasser to its board, underscoring the asset manager’s commitment to the oil industry in the middle of a highly politicized debate about its role in ESG investing.
Nasser has led the world’s biggest oil producer since 2015, including overseeing its public listing, and provides BlackRock with “a unique perspective” on key issues facing the company and its clients, CEO Larry Fink said Monday in an emailed statement.