The Abu Dhabi National Energy Company PJSC announced that its CEO Mr HE Abdulla Saif Al Nuaimi has decided to step down effective July 1st 2011 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. Mr HE Al Nuaimi will continue in his role as Vice Chairman of TAQA’s board of directors.

Mr Carl Sheldon GM of TAQA 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.

Mr HE Hamad Al Hurr Al Suwaidi chairman of TAQA said that “Mr HE 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 Mr 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.”

Mr Carl Sheldons aid that “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."