BlackRock Appoints CEO of Oil Giant Aramco to Its Board (1)

BlackRock Inc. has named Saudi Aramco Chief Executive Officer Amin Nasser to its board, underscoring the asset manager’s commitment to the oil industry in the middle of a highly politicized debate about its role in ESG investing.

Nasser has led the world’s biggest oil producer since 2015, including overseeing its public listing, and provides BlackRock with “a unique perspective” on key issues facing the company and its clients, CEO Larry Fink said Monday in an emailed statement.

BlackRock and Fink, 70, have been criticized by both sides of the political divide over ESG investing after promoting the strategy as a ...