Saudi Arabia’s King Salman has appointed Khalid A. Al-Falih as chairman of Saudi Arabian Oil Co. (Saudi Aramco), replacing Oil Minister Ali Al-Naimi, Bloomberg reported, citing state television. Saudi Press Agency said that Al-Falih has also been named health minister.
Al-Falih was previously president and CEO of Saudi Aramco, a role he has held since Jan. 1, 2009. A veteran of Saudi Aramco for his entire career, spanning three decades, Al-Falih served in key leadership positions across the organization.
Al-Falih earned his Bachelor of Science degree in mechanical engineering from Texas A&M University. He received his Master of Business Administration degree from the King Fahd University of Petroleum and Minerals (KFUPM) in Dhahran, Saudi Arabia. He is a member of the American Society of Mechanical Engineers, the International Association for Energy Economics, and the Oxford Energy Policy Club.