Saudi sovereign fund appoints ex-CEO of Dow Chemical as special adviser | Reuters:
Saudi Arabia’s sovereign fund has named Andrew Liveris, the former chairman and chief executive of Dow Chemical, as a special adviser, in its highest-profile appointment of any global manufacturing executive.
Liveris will work closely with the Public Investment Fund (PIF) on matters of strategic importance, assist the fund in efforts to boost the value of its portfolio, and ensure the contribution of PIF companies to Saudi Arabia’s economic vision program 2030, the fund said in a statement on Sunday.
His appointment comes as the PIF, chaired by Crown Prince Mohammed bin Salman, is negotiating the sale of its majority stake in Saudi Basic Industries (SABIC) 2010.SE to oil company Aramco.
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