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Abdallah Al-Saadan, Aramco's new senior vice president for finance and strategy (Image courtesy of Aramco)

State-owned Saudi Aramco named Abdallah Al-Saadan to the newly created post of senior vice president for finance and corporate strategy.

Aramco said Monday Al-Saadan joined the company in 1980.

He most recently served as vice president of corporate planning.

He replaces Mohammad al-Ali.

Aramco is the world’s largest crude exporter.

Al-Saadan served as president and CEO of SAMREF for three years until 2005. The Yanbu-based refiner is owned equally by Aramco and Exxon Mobil.

In 2009, he became vice president of gas operations based in Udhailiyah.

And in 2010 he was appointed vice president of Aramco’s engineering services, according to an announcement on the company’s website.

He’s chairman of Aramco’s Saudi Petroleum International Inc. and a director of Fujian Refining & Petrochemical Co., a Chinese-based refiner owned by Aramco, Sinopec, and Exxon Mobil.

Al-Saadan holds a master’s degree in chemical engineering from the University of Louisiana.

He earned an MBA in 2007 from the Sloan School of Management at the Massachusetts Institute of Technology.