H.E. Abdulla Saif Al-Nuaimi appointed Chief Executive Officer (CEO) and retains role on the TAQA Board of Directors. Top executive management structure consists of Abdulla Saif Al-Nuaimi and Carl Sheldon, who stays as General Manager.
The Abu Dhabi National Energy Company PJSC (TAQA), a publicly listed company on the Abu Dhabi Securities Exchange (ADX: TAQA) today announced that H.E. Abdulla Saif Al-Nuaimi has been appointed Chief Executive Officer (CEO) of the company with immediate effect. Carl Sheldon will continue as General Manager of TAQA.
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.
H.E. Hamad Al-Hurr Al-Suwaidi, Chairman of the TAQA Board of Directors, commented: “I am very pleased that Abdulla has agreed to take on the role of CEO; 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.”
H.E. Abdulla Saif Al-Nuaimi, newly appointed CEO, commented: “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. I am looking forward to working with him to ensure that we execute the opportunities within our existing portfolio to the benefit of all of our key stakeholders. 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.”
