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
More Energy, Oil & Gas Stories
- Egypt will get oil aid from Arab states
- New technology for Bahrain's gas industry to save $300m
- Innovations key focus at Geoscience expo
- Iran seals gas export deal with Oman
- Total unit inks Elf Lubricants agreement
- Opec raises forecast for 2014 global oil demand
- Mitsui joins DME as trading member
- GE Power Conversion wins major SEC order
- Basra Light crude exports to rebound in April
- Aramco to produce unconventional gas for projects
- Alstom opens smart grid centre in Dubai
- Experts discuss key geosciences issues
- Egypt to permit factories to use coal for energy
- ME oil, gas transaction value up 15pc
- Victrex to showcase new product in Paris
- Aramco JV puts off giant refinery overhaul to 2015
- Libya threatens to bomb N Korean tanker
- Bahrain 'producing 850MW of surplus power'
- 2,000 experts for Bahrain geosciences summit
- Libyan rebels start oil exports, bypassing govt
- Dubai drilling company set for London IPO
- Opec output soars on higher Iraq exports
- S Korea to pay Iran $550m under nuke deal
- Qatar LPG exports will stay unchanged till 2018
- $14bn Bahrain energy sector focus for summit
- Iraq now world's fastest-growing oil exporter
- Old IT systems pose risk to oil firms
- Thomson Reuters adds commodity monitoring tool
- Oil below $90 to hit GCC economies
- GlassPoint appoints new Oman director