Amin al-Nasser was named president and chief executive officer of Saudi Arabian Oil Co., as part of leadership changes at the world’s biggest oil company overseen by a newly created supreme council headed by the Saudi king’s son. Saudi Aramco’s supreme council also approved a five-year business plan at its first meeting in Jeddah, the state-owned company said in an e-mailed statement Thursday. Nasser in May was named interim CEO, replacing Khalid Al-Falih who became chairman and health minister. The supreme council is restructuring the Dhahran-based company which is no longer under the oil ministry. Nasser is also on the board, below the supreme council. “More appointments are expected,” Mohamed Ramady, a London-based independent analyst and former professor of economics at King Fahd University for Petroleum and Minerals in Dhahran, said by e-mail. “Many senior vice presidents retired lately and no replacements have been announced so far.” Saudi Aramco […]