TAQA Names New Managing Director to Solidify Long-Term European Growth

The Abu Dhabi National Energy Company PJSC confirmed its intention to expand aggressively into Europe's growing energy sector through its European subsidiary TAQA Energy B.V.

According to TAQA's Abu Dhabi-based chief executive, Peter Barker-Homek, TAQA has appointed a new managing director, Paul van Gelder, to head its Netherlands exploration and production unit, TAQA Energy B.V.

Van Gelder – the first Dutch national to assume the post in more than forty years – will assume his role from July 1, 2007 and will be based in The Hague, Netherlands.

"TAQA Energy B.V. has ambitious growth plans for Europe's expanding energy sector, but to fully leverage the opportunities presented to the company, it is critical that the right management team be in place. Paul van Gelder's position is a critical component of that new management architecture," said Peter Barker Homek, CEO of Abu Dhabi National Energy Company PJSC.

Van Gelder was promoted to his new role from within the TAQA Energy company, where he most recently served as project director of the Bergermeer Gas Storage project. The Abu Dhabi National Energy Company PJSC (ADSM: TAQA) acquired BP Netherlands (BPNE) on 1 February 2007, at which point the company became known as TAQA Energy B.V.