Ma'aden's Board of Directors is responsible for the overall strategy and direction of the Company's business. The Board consists of nine directors appointed by the Ordinary General Assembly for a term of 3 years. The Board includes the President of the Company and four members representing the Saudi Government, so long as the Government holds at least 50 percent of the shares in the Company.
BOARD OF DIRECTORS
HE Khalid Bin Abdulaziz Al-Falih has been Ma’aden’s Chairman of the Board since April 2016. He is Saudi Arabia’s Minister of Energy, Industry and Mineral Resources and Chairman of Saudi Aramco. Al-Falih had a career at Saudi Aramco that culminated in his appointment as President and CEO from 2009 to 2015 and Chairman of its Board since then.
During the three decades he worked at Saudi Aramco, Al-Falih served in key leadership positions across the business lines of exploration, production, refining, marketing, international and operations services, and engineering and project management. He served as Senior Vice President, Gas Operations and Industrial Relations, and President of Petron Corporation, a past joint venture between Saudi Aramco and the Philippine National Oil Company.
He also had the opportunity to guide the development of Saudi Arabia’s natural gas strategy and lead the development of major projects such as Petro Rabigh, Sadara, Satorp and Yasref, with the goal of achieving refining and petrochemical integration in cooperation with leading global companies.
Al-Falih holds a bachelor’s degree in mechanical engineering from the Agricultural and Mechanical College (Texas A & M University), USA and an MBA from King Fahd University of Petroleum and Minerals, Saudi Arabia.
HE Sulaiman Abdulrahman Al-Gwaiz was appointed to Ma’aden’s Board on 1 January 2014. Al-Gwaiz has been the Governor of the General Organization for Social Insurance (GOSI) since 2013.
Prior to his appointment to the Board, he held several senior positions in the banking industry in the Kingdom, working at Samba (formerly Saudi American Bank) and Riyad Bank, gaining experience across diverse functions. He was the Deputy CEO of Riyad Bank from 1991 to 2012. Since 1 October 2010 he has been a member of the Board of Directors of the Saudi Industrial Investment Group.
Al-Gwaiz secured his bachelor’s degree in business administration from Portland University, USA, in 1981.
H.E. Eng. Abdullah Bin Ibrahim Al-Saadan – of the Royal Commission for Jubail and Yanbu - was appointed to Ma’aden’s Board on 28 April 2016. Having worked for more than 30 years at Saudi Aramco, his career provided him with experience in leadership positions. He worked as the Senior Vice President of Finance. Previously, he was President and CEO of SAMREF and Vice President of Saudi Aramco Gas Operations.
Al-Saadan holds a bachelor’s degree in chemical engineering from King Fahd University of Petroleum and Minerals and a master’s degree in chemical engineering from the University of Louisiana at Lafayette, as well as an MBA from the Massachusetts Institute of Technology (MIT), USA.
H.E. Eng. Khalid Al-Mudaifer, the Deputy Minister of Energy, Industry and Mineral Resources (MEIM) was President and CEO of Ma’aden from 2011 to 2018. He led the company as it grew into a world class integrated national mining champion serving global markets.
Al-Mudaifer has 30 years of industrial experience, including 23 years in the mining sector and 24 years in executive leadership. Khalid joined Ma’aden in 2006 as Vice President for Phosphate and Business Development where he led the development of the Ma’aden Phosphate business and the master planning and development of Ras Al Khair Industrial City.
Prior to joining Ma’aden, Mr. Mudaifer President of the Qassim Cement Company from 1993 to 2006 and was Vice President and Director of Finance at the Eastern Petrochemical Company (Sharq/SABIC JV) from 1986 to 1993.
In the past, Khalid has held a number of board memberships with Qassim Cement and Saudi Arabian Railways, the Gulf International Bank, the International Fertilizer Association (IFA), the US Saudi Arabia Business Council (USSABC) and a number of social and government committees, boards and councils.
He holds an MBA and a Bachelor’s degree in Civil Engineering from King Fahad University of Petroleum and Minerals (KFUPM).
Richard O’Brien was appointed to Ma’aden’s Board effective 25 October, 2017. He was Chief Financial Officer and later CEO of Newmont Mining Corporation, one of the world’s largest gold mining companies, during 2005-13.
During 1984-2000, he held several positions including that of Operations Manager and CFO at PacifiCorp, working in coal mining, power generation, distribution and transportation. He is a non-executive member of the Board of Directors of electricity company Xcel Energy, where he also chairs the Audit Committee and is member of the Operations Committee and Environment and Safety Committee. He sits on the Board of Directors of Vulcan Materials Company, which produces construction materials, and chairs the Audit and Environment and Safety committees.
O’Brien secured his bachelor’s degree in Economy from Chicago University, USA and professional doctorate in law from Lewis & Clark Law School, USA.
Dr Klaus Kleinfeld was appointed to Ma’aden’s Board effective 25 October, 2017. He was Chairman and CEO of Arconic (a leading multi-material, precision-engineered products and solutions company spun off from aluminium major Alcoa), during 2016-17.
During 2007-16, Kleinfeld held several positions in Alcoa, eventually becoming the CEO and Chairman of the Board (Mining, Building and Construction). Between 1986 and 2007, he worked at Siemens in several positions, leading to his appointment as CEO (Telecommunications, Energy, Pharmaceuticals, Medical Devices, Technology, Transportation). Prior to that he was consultant and product manager in the pharmaceutical industry in SGURD SNC.
He is an Independent member of the Board of Directors of Fero Labs and founded his own company K2Elevation. He has previously sat on the Boards of Bayer AG (10 years), Morgan Stanley (six years) and Hewlett Packard (three years).
Kleinfeld holds a PhD in strategic management from Würzburg University and an MBA from Göttingen University, both in Germany.
Abdullah Bin Mohammed Al-Issa was appointed to Ma’aden’s Board on 28 April 2016. He has a unique portfolio of experience as a leading businessman.
He is the chairman of Abdullah Mohammed Al-Issa Consulting Engineering, Riyad Bank and Dur Hospitality. He also sits on the boards of leading companies including SABIC and Etihad-Etisalat (Mobily).
Al-Issa holds a bachelor’s degree in industrial engineering and a master’s degree in engineering management from Southern Methodist University, USA.
Lubna Bint Suliman Al-Olayan joined the Ma’aden Board on 28 April 2016. She has built a distinguished local and international career, and in addition to being the Chief Executive Officer and deputy chairperson of the Olayan Financing Company, she is a board member of leading financial and industrial organizations including the Alawwal Bank and Schlumberger. She also sits on several international advisory boards, including those of Rolls-Royce Group plc, Akbank, Allianz SE, McKinsey & Co and Bank of America Merrill Lynch.
Al-Olayan holds a bachelor’s degree in science from Cornell University and an MBA from Indiana University. She has also received an honorary Doctor of Laws (LLD) from Trinity College, Ireland.
Azzam Bin Yasser Shalabi was appointed to Ma’aden’s Board and its Audit Committee on 28 April 2016. Shalabi is the CEO of the Industrialization and Energy Services Company (TAQA). Prior to that, he participated in establishing the National Industrial Clusters Program and served as its first President from 2007 untill 2015. The program is an autonomous government entity managed by the Ministry of Energy, Industry and Mineral Resources.
Shalabi worked at Saudi Aramco for 25 years, and held a variety of leadership positions in facilities planning, new business development, business analysis and corporate planning, development of a refining and petrochemical project in China, and in project management for the Shaybah oil and gas facilities and Central Arabia oil facilities.
Shalabi holds an MBA from the Massachusetts Institute of Technology (MIT) and a bachelor’s degree in civil engineering from the Oklahoma State University, USA.
Following a 20-year banking career, Darren Davis joined Ma’aden in 2012. During his banking career he primarily worked in the natural resources and energy sectors and mostly in the Middle East where has been based since 1999.
Initially leading Ma’aden’s Corporate Finance activities, he became Senior Vice President, Finance & CFO in 2016 and was appointed acting CEO in July 2018.
At Ma’aden, Darren managed the company’s extensive debt and equity fund raising program and played leading roles in establishing our joint ventures with Mosaic and Barrick Gold.
Darren graduated in 1991 from Aston University, UK with a bachelor’s degree in business and administration. He is an Associate of the Association of Corporate Treasurers (UK).
Mr. Ali Saeed Al Qahtani joined Saudi Arabian Mining Company in 2011 as Financial Controller with over 18 years of extensive financial background. He started his career in 1993 immediately after his graduation as a Financial Analyst in Saudi Industrial Development Fund (SIDF). In 1999, he served in Corporate Finance as Client’s Accounts Manager in Al Rajhi Bank. He was as Assistant General Manager, Planning & Finance in Qassim Cement Company and VP & Chief Financial Officer in Tawuniya Insurance Company for 5 years before joining Ma’aden.
In 2016, he was graded to be a VP Consolidated Shared Services. He was working as VP and CFO of Ma’aden Aluminium from 2017, one of the affiliates of Saudi Arabian Mining Company in Ras Al Khair. Currently, he is appointed as VP Finance and CFO of Ma’aden Corporate. He is the Board Chairman of Ma’aden Infrastructure Company and also a Board Member of Ma’aden Aluminium Company.
Mr. Ali graduated in 1993 from King Saud University, Riyadh as Bachelor of Commerce in Accounting. He obtained a Certified Public Accountant (CPA) in 1999.
Khaled Al-Rowais joined Ma’aden in 2002 as Treasurer, was promoted to the position of Executive Director of Corporate Planning in 2008 and Vice President, Finance in 2011. He became CFO and SVP, Finance in 2014. He was appointed Vice President, Phosphate and Industrial Minerals SBU in 2016.
Al-Rowais began his career at the Banking Control Department of the Saudi Arabian Monetary Agency (SAMA) in 1984. In 1996, he moved to Saudi Basic Industries Corporation (SABIC), where he became Director of Finance.
Al-Rowais earned a degree in accountancy from King Saud University in 1984. He is a member of the American Institute of Certified Public Accountants (AICPA).
Al-Harbi has 30 years’ experience in project management, planning and operations.
Prior to his current role, he was the President for Ma’aden Bauxite and Aluminum and Ma’aden Aluminum Company (MBAC and MAC), USA, which he led from project phase until they became operational.
Al-Harbi joined Ma’aden on 16 January, 2007 as President of Ma’aden Phosphate Company (MPC). Before joining Ma’aden, he worked for SAFCO (SABIC affiliate) as Director General, Operation, Technical and Expansion from 2002-2007.
Earlier to that from 1998-2002 he held the position of General Manager, Planning and Operation in SABIC.
AlHarbi is a member of the MBAC and MAC Board of Directors and its Executive Committee, and an alternate member of Ma’aden Rolling Company (MRC) Board of Directors. He is the Chairman of the ERADH Board (Saudi Youth Development and Engagement Programs) and a member of Jubail City Council.
He holds a Bachelor’s degree in chemical engineering from King Saud University, and a cretificate in Advanced Management and leadership program from Oxford
Khaled Alohali joined Ma’aden in 2014 as a Vice President of Strategy, Planning and Development. He also led the Ma’aden Aluminum’s strategy until he was appointed into his current role. He is an alternate member of the MBAC and MAC Board of Directors, and a member of MRC Board of Directors.
In the 20 years prior to joining Ma’aden, Khaled held leadership positions in the public and private sectors. He worked at the Project Management Office of Saudi Arabian Economic Offset Program, was a consultant for the Ministry of Petroleum and Mineral Resources and was the Vice President of the National Industrial Clusters Development Program. He led the Saudi side of the Saudi-Japan Industrial Cooperation Taskforce and also had a stint as the Vice President of Charles River Associates International (CRAI) and was the Managing Director in Saudi Arabia.
Alohali holds a BSc in mechanical engineering from King Fahd University of Petroleum and Minerals, Saudi Arabia.
Nabil Al-Fraih joined Ma’aden in 2005 as Executive Director for Human Resources and Industrial Security. He was appointed Executive Advisor to the CEO and Vice President, Industrial Security and Sustainability in 2016.
He began his career at the Saudi Industrial Development Fund (SIDF) and has 30 years experience in corporate and industrial project management and marketing. He moved to Al Rajhi Cement Holding Company in 2009 as Vice Chairman and Managing Director and returned to Ma’aden in October 2011 as Vice President of Precious Metals SBU. In 2014, he was appointed Senior Vice President of Human Resources and Sustainability. He is the Chairman of the Board of Directors of the Ma’aden Gold and Base Metals Company (MGBM).
Al-Fraih holds a bachelor’s degree in civil engineering from King Saud University in Riyadh.
Riyadh Bin Sa’ad Al-Nassar joined Ma’aden Phosphate Company (MPC) in early 2013 as VP Technical, was promoted to President in mid-2014, and in 2016 was appointed Ma’aden VP of Project Management and Engineering with added responsibility of leading the Consolidated Support Services (CSS) in an acting capacity. He is the Board member of Ma’aden Wa’ad Al Shamal Phosphate Company.
He has more than 20 years experience in engineering, project management, planning and maintenance. Al-Nassar worked as project engineer at Eastern Petrochemical Company (SHARQ), as project manager at SAFCO and later joined MARAFIQ as manager of the Design and Projects Department. In 2006, he joined the Gulf Cooperative Council (GCC) Interconnection Authority as Director of Planning, Engineering and Project Management.
He holds a bachelor’s degree in electrical engineering from King Fahd University of Petroleum and Minerals.
Stephen Bodley joined Ma’aden in September 2013. He has over 20 years legal and business leadership experience, much of it in the mining and energy sectors.
Before joining Ma’aden, Bodley was the SVP, General Counsel and Corporate Secretary for Sherritt International Inc a mining company with significant assets in Canada, Cuba and Madagascar. Previously he worked with the North American subsidiary of Centrica plc a UK-based FTSE 30 energy company, and was a partner in one of Canada’s leading law firms.
Bodley earned his Honors BA in economics from the University of Western Ontario, London, Canada and law degree from Osgoode Hall Law School, Toronto.
Al-Najim has solid project management experience both within and outside Ma’aden. He joined Ma’aden at the beginning of 2009 as a Director, Project Management and Engineering. He has since occupied other senior roles, such as, Director, Transformation Program (ETGAN), Vice President, Technical within MPC, and Vice President, PMO and Engineering.
Before joining Ma’aden, Al-Najim worked for SABIC where he had a solid track record in both Engineering and Project Management. During his tenure he led key business projects.
Al-Najim obtained a Bachelor’s degree in system engineering/ automation from King Fahd University of Petroleum and Minerals.
Emad Bin Mahmoud Al-Saadawi joined Ma’aden in 1992 and was appointed VP, Exploration in 2016. He leads a team of geoscience specialists providing innovative solutions to mineral exploration.
He has more than 24 years of extensive experience in mineral exploration in various senior roles as Chief Exploration Geologist, Chief Evaluation Geologist (Ore Resource Modeller) and Director, Exploration Technical Services. He was a Board Member of Industrial Minerals Company (IMC) and currently sits on the board of MGBM.
Al-Saadawi earned a bachelor’s degree in earth science from King Abdulaziz University, Jeddah, in 1992 and, a master’s degree in mineral resources from the University of Wales, UK in 1996.