UPDATE 2-Former Siemens CEO Kleinfeld made adviser to Saudi crown prince [Reuters (UK)]
Alcoa Corporation (AA)
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Source: Reuters
Former Siemens CEO Kleinfeld made adviser to Saudi crown prince | Reuters Reuters Staff 2 Min Read DUBAI (Reuters) - Klaus Kleinfeld, a former chief executive of industrial conglomerate Siemens and giant aluminum producer Alcoa, has been appointed an adviser to Saudi Arabia’s Crown Prince Mohammed bin Salman. Kleinfeld will leave his current position as chief executive of NEOM, a 26,500 square kilometer (10,230 square mile) business zone under development in the northwest of the kingdom, but will retain a position on its board, an official Saudi statement said on Tuesday. He “will take over wider responsibilities to enhance the economic, technological and financial development of Saudi Arabia”, the statement said. Prince Mohammed has launched a sweeping program of reforms designed to wean the Saudi economy off its reliance on oil exports by selling billions of dollars of state assets and developing new industries from tourism to technology. Kleinfeld, who will take up his new post on
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