Amin H. Nasser
BlackRockAbout Amin H. Nasser
Amin H. Nasser (age 66) is President & CEO of Saudi Arabian Oil Company (Aramco) since 2015 and has served on Aramco’s Board since 2010; he joined BlackRock’s Board in 2023 and is standing as an independent director nominee in 2025 with one year of tenure at BLK . His background spans petroleum engineering and leadership of one of the world’s largest energy companies, with advisory roles across leading academic and global fora .
Past Roles
| Organization | Role | Tenure/Years | Committees/Impact |
|---|---|---|---|
| Saudi Arabian Oil Company (Aramco) | President & CEO | CEO since 2015; Board member since 2010 | Leads investments in technologies (crude-to-chemicals, renewables) and industry-wide efforts to minimize GHG emissions |
| Aramco | Petroleum Engineer (early career) | Joined 1982 | Technical foundation for operational and risk oversight |
External Roles
| Organization | Role/Capacity | Notes |
|---|---|---|
| King Fahd University of Petroleum & Minerals | International Advisory Board member | Academic advisory engagement |
| King Abdullah University of Science & Technology (KAUST) | Board of Trustees | Academic governance |
| World Economic Forum | International Business Council (IBC) | Global business leadership forum |
| MIT | Presidential CEO Advisory Board | Technology and innovation advisory |
| JPMorgan | International Council | Global markets advisory |
| Aramco | Director | Public company board; ongoing since 2010 |
Board Governance
| Attribute | Details | Evidence |
|---|---|---|
| Independence | Determined “independent” under NYSE standards; Board review found no material relationships | |
| Committee Assignment | Nominating & Governance Committee (NGC) member; NGC chaired by Gordon M. Nixon | |
| Committee Scope | NGC oversees director selection, governance policies, related persons transactions policy, sustainability, and public policy/advocacy | |
| Committee Meetings (2024) | NGC: 6; Audit: 15; MDCC: 8; Risk: 6; Executive: 3 | |
| Board Meetings (2024) | Full Board met 10 times; each director attended at least 75% of Board and Committee meetings on which they served | |
| Annual Meeting Attendance | All directors standing for re-election in 2024 attended the 2024 Annual Meeting | |
| Director Engagement | Participated in BlackRock “BizShift” podcast (Dec 2024) | |
| Executive Sessions | Seven executive sessions of non-management directors in 2024, led by the Lead Independent Director |
Fixed Compensation
| Component | Amount/Terms | Notes |
|---|---|---|
| 2024 Board Annual Retainer | $85,000 annualized for Q1–Q3; increased to $100,000 for Q4 (paid quarterly) | Directors may elect stock or DSUs in lieu of cash; timing paid Jan/Apr/Jul/Oct |
| 2024 Committee Retainers | NGC Chair $30,000; NGC Member $15,000 (Audit Chair $40k/Member $25k; MDCC/Risk Chair $30k/Member $15k) | Paid quarterly; new rotating members receive one general Committee retainer |
| Lead Independent Director | $100,000 annual retainer | |
| 2025 Program Updates | Annual Board retainer increased to $100,000; Annual Equity Grant increased to $250,000 (Jan 2025 grants); prorated initial equity for new directors mid-year | Effective Oct 1, 2024/Jan 2025 grants |
| Amin H. Nasser – 2024 Director Compensation | Amount ($) |
|---|---|
| Fees Earned or Paid in Cash (incl. stock election) | $103,596 |
| Stock Awards (deferred stock units) | $239,648 |
| Total | $343,243 |
| Election to Receive Stock in Lieu of Cash | $103,596 elected as common stock in lieu of cash retainer |
Performance Compensation
| Equity Instrument | Grant Date/Value | Vesting | Settlement | Performance Metrics |
|---|---|---|---|---|
| 2024 Annual Equity Grant (Deferred Stock Units) | January 2024; $240,000 | Vested upon election/re-election at 2024 Annual Meeting (May 15, 2024) | Earlier of: third anniversary of grant or date director ceases Board service; lump sum or 5 annual installments election | None; director equity is not performance-based |
| 2025 Annual Equity Grant (Deferred Stock Units) | January 2025; $250,000 | As per program | As per program | None (program emphasizes equity alignment; not performance-conditioned) |
Other Directorships & Interlocks
| Company/Institution | Type | Overlap/Interlock Considerations |
|---|---|---|
| Saudi Aramco | Public company board | Independence review did not identify material BLK relationships with Nasser/Aramco; Board determined Nasser independent |
Service on other public company boards policy: for public-company NEOs, none serve on more than two boards (including BlackRock); Nasser’s service (Aramco + BLK) complies with this limit .
Expertise & Qualifications
- Senior executive governance, global business strategy, public company financial reporting, sustainability/energy transition, technology engagement .
- Advisory roles across KAUST, KFU-PM, WEF IBC, MIT, and JPMorgan International Council underscore cross-border policy and innovation expertise .
Equity Ownership
| Holder | Common Shares Beneficially Owned | % of Common Stock Outstanding | Deferred/Restricted Stock Units and Options | Total |
|---|---|---|---|---|
| Amin H. Nasser | 327 | * | 550 | 877 |
As of March 28, 2025, BlackRock had 155,022,282 shares outstanding . Director stock ownership guideline requires $500,000 in shares within five years of joining the Board; the Company states all independent directors have met or are on track to meet the requirement .
Insider Trades and Section 16 Compliance
| Person | Item | Note |
|---|---|---|
| Amin H. Nasser | Section 16(a) filings | No late filings disclosed for Nasser; Company reported one late Form 4 (Fink) due to technical issues; otherwise timely filings for directors/officers in 2024 |
Governance Assessment
- Alignment and Incentives: Nasser elected to receive his 2024 retainer in stock, increasing skin-in-the-game; annual DSUs vest on election and settle post-service, reinforcing long-term alignment without short-term performance triggers .
- Independence and Conflicts: Board’s annual independence determination found Nasser independent with no material relationships under NYSE standards; NGC oversees Related Persons Transaction Policy, providing ongoing conflict controls .
- Board Effectiveness: Active NGC member contributing to director selection, governance policies, sustainability, and public policy oversight; attended at least 75% of Board/Committee meetings like all directors; engaged with employees via podcast appearance .
- Ownership and Guidelines: While his absolute share count is modest, DSUs plus a required $500,000 ownership guideline within five years underpin alignment; company indicates all directors are on track .
- Red Flags: None disclosed for Nasser in related-party transactions, pledging/hedging, or Section 16 compliance; independence affirmed. Note that BLK acknowledges business relationships for some other directors in ordinary course terms but none were material; no Aramco relationship was flagged for Nasser .
Overall signal: Independent NGC member with global energy and risk expertise, tangible equity alignment via stock election, and solid attendance/engagement. No disclosed conflicts or compliance issues, supporting investor confidence in Board oversight quality .