• 28 Apr 2010
  • Global

TAQA Continues to Strengthen Leadership Team

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 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.”- ENDS -CONTACT TAQA:TAQA Media RelationsSucharita Sethi
+ 31 65 46 90 303
sucharita.sethi@taqa.comAllan Virtanen
+ 31 64 61 47 448
allan.virtanen@taqa.comReem Al Midwahi
+ 971 2 6914940
reem.almidwahi@taqa.comTAQA Investor RelationsTanis Thacker
+971 2 691 4933
tanis.thacker@taqa.comMohammed Mubaideen
+971 2 691 4964
mohammed.mubaideen@taqa.comNOTES TO EDITORSAbout TAQATAQA is a global energy company majority owned by the Abu Dhabi Government and listed on the Abu Dhabi Securities Exchange.Our activities include oil and gas, power generation and water desalination across five continents. With operations in the UK, the Netherlands and North America, our oil and gas business includes exploration and production, storage and pipelines. We produce almost 135,000 barrels of oil equivalent per day in the North Sea and North America, as well as operating and developing extensive gas storage facilities in the Netherlands.Our power plants are located in the United Arab Emirates, Morocco, Saudi Arabia, Ghana, India, the Caribbean and the United States. TAQA is the majority owner in the facilities that provide 98% of the water and electricity requirements in the Emirate of Abu Dhabi.Established in 2005, our entrepreneurial culture has laid the foundations for long-term sustainable growth building on our commitment to people, safety and the environment.H.E. Abdulla Saif Al-Nuaimi has been a member of the TAQA Board of Directors since 2005. His Excellency is also Director of the Privatisation Directorate of the Abu Dhabi Water and Electricity Authority (ADWEA), Deputy Managing Director of the Abu Dhabi Water and Electricity Company (ADWEC) and Chairman of Gulf Power Company.Carl Sheldon was previously TAQA’s Legal Counsel and Deputy General Manager. Prior to joining TAQA, he was Partner at Allen & Overy LLP where his main focus was the energy sector. He also ran the firm’s German and U.S. operations. Carl is a qualified lawyer admitted to practice in the state of New York and in England. Carl is a US national and holds an MA from Cambridge University.

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