Saudi Arabian Oil Company Appointment of Audit Committee Members and Chair (9772H)

TIDM64EZ

RNS Number : 9772H

Saudi Arabian Oil Company

09 August 2021

Saudi Arabian Oil Company

Appointment of Audit Committee Members and Chair of the Audit Committee

Saudi Arabian Oil Company (Saudi Aramco) Announces the Appointment of Audit Committee Members and the Chair of the Audit Committee

Item Details
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.
----------------------------------------------------------
Appointed Member Names
* HE Mohammed A. Al-Jadaan

* Ms. Lynn Laverty Elsenhans (Chair)

* Mr. Peter L. Cella

* Mr. Mark A. Weinberger

* Mr. Stuart T. Gulliver
----------------------------------------------------------
Membership Start Date 26/12/1442H (corresponding to 05/08/2021G)
----------------------------------------------------------
Brief Resume of the Appointed Members 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.

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.

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.

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.

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. 
                                                            ---------------------------------------------------------- 
  Date of Board Meeting in which Appointed New Member were  26/12/1442H (corresponding to 05/08/2021G) 
  Appointed 
                                                            ---------------------------------------------------------- 
  Board Approval                                            26/12/1442H (corresponding to 05/08/2021G) 
                                                            ----------------------------------------------------------

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