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Nasser Al-Mahasher as new CEO of S-OIL

03/26/2012 | 03:56am US/Eastern

· S-OIL's board of directors appointed Mr. Nasser Al-Mahasher as new representative director and CEO.
· He served as the head of Saudi Petroleum Ltd. (SPL), Tokyo.

S-OIL appointed Mr. Nasser Al-Mahasher (age 52) as its new representative director and CEO, at the board of directors meeting, which was held at its Head Office in Seoul on March 23.

Mr. Nasser Al-Mahasher graduated from E.Michigan University in the U.S. and earned an M.S. in Chemical Engineering at Wayne State University in Michigan. While working for Saudi Aramco, the state-owned oil company of Saudi Arabia, for 22 years, he has built an extensive experience in technology, operation, engineering, project management, and marketing, etc.

As the global refining coordinator of Saudi Aramco, he managed to optimize the Refined Products System by precisely checking the status of refining facilities in the country, local demand, exports, and the country's strategic storage plan. By so doing, he cultivated a global business mindset.

In particular, while he was heading Saudi Petroleum Ltd.(SPL), Tokyo, for four years before coming to S-OIL, he managed all Saudi Aramco marketing activities, built a strong business relationship and network throughout East Asia. He is known to have a great understanding and appreciation of the Asian business culture.

"The new CEO responds flexibly and resiliently to changes in the business environment, with balanced perspectives based on a broad understanding of cultural differences, and has an excellent global business mindset." said an S-OIL officer. "He has cultivated his interest in Korea while he has visited Korea several times." he added.

Meanwhile, after serving his four-year term as S-OIL CEO, Mr. Ahmed A. Subaey is to return to Saudi Aramco early next month.
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This press release was issued by S-Oil Corporation and was distributed, unedited and unaltered, by noodls on 2012-03-26 09:39:48 AM. The issuer is solely responsible for the accuracy of the information contained therein.

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