Saudi Aramco: Khalid Al-Falih, a new president and CEO with experiencenote

Khalid Al-Falih, a senior Vice-President for Operations at Saudi Aramco, has been appointed as President and Chief Executive Officer (CEO) of Saudi Aramco in place of Abdullah Jumaa, who decided to retire after 40 years of service to the company. The decision will take effect as of 1/1/2009. The following 389-word item talks about why Al-Falih was chosen for the position and what the Saudi Supreme Council for Petroleum and Mineral Affairs expects from him.