Ziad Thamer Al-Murshed has been appointed as chief financial officer and senior vice president of Strategy and Development effective May 1, 2022.
Previous to this, Al Murshed was acting service line head for Finance, Strategy & Development. Prior to that role, Al Murshed had served as the vice president of Fuels & Lubricants, vice president of International Operations, vice president of Downstream Growth & Integration, and executive director of New Business Development.
Al Murshed also served as the general manager and head of Transaction Execution in New Business Development, director of Strategic Planning Department, director of Economic & Energy Analysis Department, and manager of Business Analysis Department.
Al Murshed joined Saudi Aramco in 1991. He started his career in Exploration and Producing as a producing engineer. He then moved to Downstream in 1998 and assumed several responsibilities covering refining, marketing, and joint venture development and coordination. He served as Foreman of Operations then Superintendent of Operations at Ras Tanura Refinery, and manager of the Yanbu’ NGL Fractionation Department.
Al Murshed holds a Bachelor of Science degree in Chemical Engineering from Arizona State University, and an MBA from the Sloan School of Management at the Massachusetts Institute of Technology. He is also a graduate of the General Management Program at Harvard Business School.