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Taqa appoints new CEO

Abu Dhabi, April 28, 2010

The Abu Dhabi National Energy Company (Taqa) has appointed Abdulla Saif Al-Nuaimi as its new chief executive officer with immediate effect, while Carl Sheldon will continue as its general manager.

Taqa’s executive committee currently comprising Abdulla Saif Al-Nuaimi, Salem Al-Sayaari and Carl Sheldon will be replaced by a top executive management structure consisting of Abdulla Saif Al-Nuaimi and Carl Sheldon.

The leadership appointments will build on the strategic expertise and industry experience already in place with Abdulla Saif Al-Nuaimi continuing in his role as a member of the Taqa board of directors, which he has held since 2005, a statement said.

“I am very pleased that Abdulla has agreed to take on the role of CEO,” said Hamad Al-Hurr Al-Suwaidi, chairman of the Taqa board of directors.

“I believe that with executive representation on the board to help drive forward the company’s strategy, and through the combined expertise of Abdulla and Carl working together running the business, the outlook is exceptionally positive for Taqa,” he added.

Abdulla Saif Al-Nuaimi said: “I am delighted to be taking on the role of CEO. In late 2009 we signalled a change in strategic direction moving on from an acquisition led growth strategy to one focused on optimising and integrating our asset base which Carl has already made significant headway in achieving.”

“These are exciting times for Taqa with our diversified portfolio of assets, opportunities for organic growth, experienced management team and active capital expenditure programmes we are well positioned for long term sustainable growth,” he concluded. – TradeArabia News Service




Tags: Taqa | Abu Dhabi National Energy Company | CEO | Executive Committee |

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