TAQA Restructures Leadership Team

Abu Dhabi National Energy Company PJSC ("TAQA") has 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."

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