DUBAI (Reuters) - Aramco Chief Financial Officer Khalid al-Dabbagh has stepped down and been replaced by Ziad al-Murshed, who takes over the role in an acting capacity, the Saudi oil company said on Thursday.
Murshed, as acting senior vice president of finance, strategy and development, will oversee Aramco's strategy, corporate planning & performance management, treasury, finance, accounting, reporting, investor relations, and internal controls, the statement said.
Bloomberg News reported that Dabbagh would join the firm's board while retaining the chairmanship of Aramco unit Saudi Basic Industries Corp.
(Reporting by Saeed Azhar; editing by Jason Neely)
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Mr. Khalid H. Al-Dabbagh is a Chairman at Saudi Basic Industries Corp., a Senior VP-Finance, Strategy & Development at Saudi Arabian Oil Co. and a Member-Governors Board at GCC Board of Directors Institute. He is on the Board of Directors at Saudi Aramco Development Co. and Wisayah Global Investment Co. Mr. Al-Dabbagh was previously employed as a President & Chief Executive Officer by Saudi Petroleum International, Inc., a General Manager by Saudi Petroleum Ltd., and a Vice Chairman by Sinopec Senmei (Fujian) Petroleum Co., Ltd. He also served on the board at Arab Petroleum Pipelines SAE, ARLANXEO Holding BV, Fujian Refining & Petrochemical Co., Ltd., Pengerang Refining & Petrochemical, Sadara Chemical Co., Saudi Aramco Entrepreneurship Center, Saudi Aramco Lubricating Oil Refining Co. LLC, Saudi Aramco Products Trading Co. and Showa Shell Pack KK. He received his undergraduate degree from the University of Toledo (Ohio).
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| SAUDI BASIC INDUSTRIES CORPORATION | Chairman |
| Wisayah Global Investment Co. | Chairman |
