The Council of Ministers appointed H.E. Yasir Al-Rumayyan, Managing Director of the Public Investment Fund (PIF), as Chairman of the Board of Directors of Saudi Aramco, replacing Energy Minister H.E. Khalid Al-Falih. Al-Rumayyan was appointed a member of Saudi Aramco’s Board of Directors in 2016.
Al-Rumayyan has been the Governor of the PIF since 2017. In May 2016, he became an Adviser to the Saudi Cabinet, then a Board Member of the Saudi Industrial Development Fund (SIDF). He was appointed as an Adviser to the Royal Court in 2015 and is a Board Member at Uber Technologies Inc. and SoftBank Group.
H.E. Yasir Al-Rumayyan was the CEO of Saudi Fransi Capital LLC between 2011 and 2015 and is a former Member of the Board of Directors of the Saudi Stock Exchange (Tadawul). He began his career at Saudi Hollandi Bank as Head of International Brokerage between 1999 and 2004, before joining the Capital Markets Authority (CMA) as the Head of Securities Listings.
He received his undergraduate degree in Accounting from King Faisal University in 1993 and completed a General Management Program at Harvard Business School in 2007.