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Taqa Restructures Leadership Team; Carl Sheldon is New GM

DUBAI — Abu Dhabi National Energy Company PJSC, or Taqa, a publicly listed company on the Abu Dhabi Securities Exchange, announced a restructuring of its senior management team, as the company moves into a new phase of development.

As part of this, Carl Sheldon has been promoted as General Manager, with day to day operational responsibility of the company. Carl was previously Deputy General Manager and general counsel. Peter Barker-Homek will step down as Chief Executive Officer. “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,” Hamad Al Hurr Al Suwaidi, Chairman of the Board, said. “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 said: “When I took on this role a little over three 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. I believe that with this first phase of development now largely complete, I have decided 
to pursue other 
career ambitions.

Taqa 75 pe rcent owned by the government of Abu Dhabi and is one of the vehicles the emirate uses to invest oil money. The company took control of operations of the North Sea Brent crude system in August and has been on an acquisition spree, buying assets worth more than $2 billion in the North Sea over the last three years amid an aggressive expansion scheme. —