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Mon 6 Apr 2020 03:40 PM

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Former Trump adviser appointed onto Saudi Aramco board

Mark Weinberger replaces Andrew Gould, who had served on the board for over six years

Former Trump adviser appointed onto Saudi Aramco board

Weinberger was the global chairman and CEO of EY from 2013 to 2019. 

A former advisor to US President Donald Trump has been appointed to the board of directors of oil giant Saudi Aramco.

Mark Weinberger replaced Andrew Gould, who had served on the board for over six years.

“I am honoured to be joining the board of Aramco at this important time in the company’s history and world events. I look forward to helping the board continue to make the most of the opportunities and challenges that lie ahead and deliver value for all of Aramco‘s shareholders.”  he said.

Weinberger was the global chairman and CEO of EY from 2013 to 2019. He was active in the World Economic Forum as a member of its International Business Council and as a Global Steward for Economic Progress.

He has also held several high level posts in the US Government, including as Assistant Secretary of the US Department of Treasury (tax policy) under President George W. Bush and member of the Social Security Advisory Board, under President Clinton. He served on Presidential advisary councils to President Trump and President Obama.

Weinberger currently serves as a director on the boards of Johnson & Johnson and Metlife as well as being a member on several Boards of Trustees, including the United States Council for International Business (USCIB).

Saudi Aramco’s stock rose as much as 2.8 percent to 32.55 Saudi riyals on Sunday in Riyadh, trading above the 32-riyal IPO level it surrendered a month ago, only to turn negative in the last 10 minutes of the session and finish 0.5 percent lower.

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