Sultan Al Jaber: changing the mindset of a 50-year-old institution | Financial Times:
When Sultan Al Jaber took over as chief executive at the Abu Dhabi National Oil Company, he insisted that the current oil price should be visible all over its new 65-storey headquarters. The Brent, West Texas Intermediate and Dubai Light crude prices are shown on a screen in the foyer, on a circular ticker in the canteen, and even in the lifts.
The point is to remind the employees every day that although they are working for a state-owned company, in a country with the world’s eighth-largest oil reserves, they are still operating in a fiercely competitive global market.
For Mr Al Jaber, 45, the oil price has been a great help. When he arrived at Adnoc in February 2016 with a mandate for change, the 70 per cent slump in oil over the previous 18 months created “a unique opportunity”, he says now.
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