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TAQA grows senior management team in preparation for global expansion


Published Feb 12, 2007
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The Abu Dhabi National Energy Company PJSC (ADSM: TAQA) announced several key senior management appointments, as the Abu Dhabi-based international energy holding company readies itself for rapid international expansion.

TAQA’s CEO, Peter Barker-Homek, was previously a BP executive with senior level responsibility for mergers and acquisitions.

“TAQA is growing quickly, both in terms of the number of assets we are acquiring globally and the senior staff we are taking on board to support these new holdings,” said Peter Barker-Homek. “By taking on board truly seasoned industry professionals, TAQA is communicating strongly to its stakeholders – staff, shareholders, and lenders alike – that it is serious about being a global energy player.”

Ian McDonald will take on the role of Group Vice President for Upstream; Ron Heyselaar has been named Group Vice President for Global Power; Frederic Lesage has been appointed Group Vice President for Integration and Optimization; and Manu Mehra has been selected Group Vice President for Banking and Finance.

Ian MacDonald joins TAQA with more than 30 years of experience in the upstream industry. He has worked in various technical and management roles with Amoco/BP in Canada, Texas, Trinidad, Egypt, and Norway. Since 2000, he has been a Petroleum Engineering/Business Development consultant with Adams Pearson Associates and BP. MacDonald will be responsible for driving upstream growth strategy and overseeing of the performance of the acquired assets.

Ron Heyselaar joins TAQA as Group Vice President for Global Power, with decades of experience in the industry, most recently at National Power Company of Saudi Arabia. Previously, he was with CMS Energy in European and Middle East management roles. Heyselaar will be responsible for global power plant acquisitions, as well as development and execution of downstream investments.

Frederic Lesage, who joins TAQA as Group Vice President for Integration and Optimization, boasts more than 15 years of experience enhancing organizational performance and head office efficiency, both as a labor and employment law attorney and, most recently, as a consultant with McKinsey & Co. Mr. Lesage will be responsible for integrating acquired resources and building organizational strength.

As Group Vice President for Banking and Finance, Manu Mehra will be responsible for banking, capital markets, and investment appraisals. He has more than 10 years of work experience in banking, most recently with the investment banking department of HSBC. Over the past six years he has been actively involved within the energy and utilities sector, especially in the area of project finance.

Sonia Al-Marzouqi continues in her role as Group Vice President for Strategy and Planning.

Previously, Al-Marzouqi held senior advisory roles for more than six years with the Abu Dhabi Company for Onshore Oil (ADCO), most recently as Head of Planning and Strategic Development.

TAQA carries an Aa3 and A+ credit rating and was recently presented Emerging Market Deal of the Year and Middle East Corporate Bond of the Year 2006 awards by EuroWeek.




   

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