- 28 Jun 2011
TAQA CEO steps down to focus on ADWEA role
Abu Dhabi, UAE – The Abu Dhabi National Energy Company PJSC (“TAQA”), a publicly listed company on the Abu Dhabi Securities Exchange (ADX: TAQA), today announced that its Chief Executive Officer, H.E. Abdulla Saif Al Nuaimi, has decided to step down effective 1 July from his executive positions at TAQA to allow him to concentrate full time on his role as Director General of the Abu Dhabi Water and Electricity Authority (‘ADWEA’). H.E. Al Nuaimi will continue in his role as Vice-Chairman of TAQA’s board of directors.TAQA’s General Manager, Carl Sheldon, who was recently appointed to TAQA’s Board of Directors, will lead TAQA and will continue to oversee the company’s strategic direction and global operations.H.E Hamad Al Hurr Al Suwaidi, Chairman of TAQA, commented:“H.E. Abdulla Saif Al Nuaimi has been an excellent leader for TAQA during his time as Chief Executive Officer and we are very pleased that he will continue as the company’s Vice Chairman. I wish him the very best in his role as Director General of ADWEA.“I am proud of what TAQA has achieved over the last 12 months, in particular the recruitment and appointment of such high calibre senior executives. Under the leadership of Carl Sheldon, who will take immediate and full charge of the day-to-day affairs of TAQA, I am confident that we will see this success continued.”Carl Sheldon, General Manager, commented:“I would like to thank Abdulla for the major contribution he has made while CEO of TAQA as we have continued to optimise opportunities from our diversified portfolio of oil & gas and power assets. I will miss him, but we are delighted that he will remain our Vice Chairman and we value the insights he will be able to offer both TAQA and ADWEA.”- END -For further information:TAQA Investor Relations, Abu Dhabi
Tanis Thacker, Head of Investor Relations and Corporate Communications
+971 2 691 4933Mohammed Mubaideen, Investor Relations Manager
+971 2 691 4964
Maram Alkadhi on +971 4 367 6160
email@example.comNOTES TO EDITORSAbu Dhabi National Energy Company (TAQA)Abu Dhabi National Energy Company (TAQA) is a global energy company majority owned by the Abu Dhabi Government and listed on the Abu Dhabi Securities Exchange. Our main activities include our oil and gas business, power generation and water desalination across four continents.We are the sixth-largest independent power producer in the world and the majority owner of the facilities that provide 98% of the water and electricity requirements in the Emirate of Abu Dhabi. Our power plants are located in the United Arab Emirates, Oman, Morocco, Saudi Arabia, Ghana, India, and the United States.With operations in the UK, the Netherlands, the United States and Canada, our oil and gas business includes exploration and production, gas storage and pipeline transportation.In the Netherlands our established gas storage business includes operating the Alkmaar Peak Gas Installation (PGI). With our partner EBN, an independent company with the Dutch State as its sole shareholder, we are also developing the Bergermeer Gas Storage facility. This will make a major contribution to the security of gas supply to Northwest Europe, and provide a strong base for the Northwest European Gas Hub.Our entrepreneurial culture, along with a commitment to people, safety and the environment, has created strong foundations for the long-term sustainable growth of our business.