• 16 Oct 2009
  • Global

TAQA restructures leadership team

Abu Dhabi, UAE – Abu Dhabi National Energy Company PJSC (“TAQA”), a publicly listed company on the Abu Dhabi Securities Exchange (ADX: TAQA), today announced a restructuring of its senior management team, as the Company moves into a new phase of development.As part of the management restructuring, Carl Sheldon has been promoted to General Manager, with day to day operational responsibility for TAQA. Carl was previously Deputy General Manager and General Counsel. Peter Barker-Homek will step down as Chief Executive Officer.H.E. Hamad Al-Hurr Al-Suwaidi, Chairman of the Board, commented: “We welcome Carl Sheldon to the newly created post of General Manager. Carl is well known and respected within the group and brings to the role, experience in both power and upstream business.”“Peter’s energy sector M&A experience made him ideal to help establish TAQA in its early days and I want to thank him for his contribution. TAQA is moving into a new phase of development with the strategic focus of the company now shifting to the continued integration of the global business and investing in our existing network.”Peter Barker-Homek commented: “When I took on this role a little over 3 years ago, the Board tasked me to identify key acquisitions which would establish TAQA as a global company and give it a critical mass in three distinct segments.“With this first phase of development now largely complete, I have decided to pursue other career ambitions.”- ENDS -Contact Information for Media:
Allan Virtanen
TAQA Media Relations, Abu DhabiTel +971 2 691 4894; Mob +971 56 685 2717
Allan.Virtanen@taqa.comAbout TAQAEstablished in 2005, TAQA is a diversified international energy group headquartered in Abu Dhabi, the capital of the United Arab Emirates, and listed on the Abu Dhabi Securities Exchange (ADX: TAQA).TAQA’s business is made up of three operating divisions spread across the entire energy value chain: power generation & water desalination; oil and gas exploration & production; and emerging & alternative energy technologies.Power & Water: TAQA is one the largest independent power producers in the world and the majority owner of the facilities that provide 98% of the water and electricity requirements in Abu Dhabi. TAQA’s power plants are located in the UAE, Morocco, Oman, Saudi Arabia, Ghana, India, and USA.Oil & Gas: with operations in Canada, UK, the Netherlands, USA and Iraq, TAQA’s oil and gas business includes exploration and production, underground gas storage and pipeline transportation.Emerging & alternative energy technologies: TAQA Energy Solutions is dedicated to alternative and technology-driven energy initiatives for long-term efficient energy production and generation. TAQA’s vision is to deliver ‘Energy for Growth’: growth within the business; social and economic progress in the communities where TAQA operates; and increased value for our shareholders.Over the past 40 years the UAE and Abu Dhabi have pursued a vision embodied by progressive development, investment and the highest global standards. TAQA is proud to align its strategy both domestically and globally to Abu Dhabi’s economic vision 2030, working towards sustainable economic development. For more information about TAQA visit: www.taqa.com or Twitter: @TAQAGLOBAL

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