Senior private practice lawyer moves in-house as TAQA develops its global legal group
ABU DHABI, United Arab Emirates, March 24 /PRNewswire/ -- The Abu Dhabi National Energy Company PJSC, (TAQA), a publicly listed company on the Abu Dhabi Securities Market (ADSM: TAQA), today announced the appointment of Carl Sheldon as General Counsel. Carl is a US and UK qualified lawyer who brings with him more than 25 years of experience in private practice in New York, Frankfurt and London.
(Photo: http://www.newscom.com/cgi-bin/prnh/20080324/NYM054 ) Carl has spent 17 years with Allen & Overy and was most recently Partner, Allen & Overy LLP in New York. Prior to that he was Managing Partner of Allen & Overy's New York and Frankfurt offices. His practice has centered on the cross-border arena with a particular focus on the energy sector.
"I am delighted that Carl is joining the TAQA senior management team. Since TAQA was established in 2005, we have enjoyed a strong working relationship with Allen & Overy and it is excellent news that Carl is on board. I know that his expertise will benefit us greatly as we continue to grow and fulfill our desire to become a leading global energy company," said Peter Barker-Homek, TAQA's CEO.
TAQA's asset base now exceeds USD 18bn and the company plans to continue investing in key markets this year. Carl will join TAQA on April 1. He will travel initially from New York to TAQA's various centres of operation around the world, and expects to spend a significant amount of time in Abu Dhabi for his new role. One of his priorities will be to build the foundations of a global legal group to support the company's existing asset portfolio and manage new acquisitions as the company grows.
Commenting on his appointment, Carl Sheldon said, "I am very excited to have been given the opportunity to become the first General Counsel of TAQA. The next ten years will mark pivotal changes in the global energy industry. I believe that TAQA and Abu Dhabi will be at the center of those changes. There are few opportunities in life where one can say that every aspect of my career to date has helped prepare me for this. For me, this is such an opportunity." About Abu Dhabi National Energy Company PJSC (TAQA) Founded in 2005, TAQA (the Abu Dhabi National Energy Company PJSC) is a global energy company with a growing asset base that exceeds AED 68 (USD 18 billion). One of the largest companies listed on the Abu Dhabi Securities Market (ADSM), with 2007 revenues of more than AED 8 billion (USD 2 billion), TAQA is a flagship corporation for the Government of Abu Dhabi.
TAQA's strategic goal is to build and operate a geographically diverse global portfolio of energy businesses across the value chain. It has operations in power generation, water desalination, upstream oil/gas, pipelines, and gas storage.
TAQA employs 2,300 people from 38 different nations and operates from its offices in: Abu Dhabi; Ann Arbor, Michigan; Aberdeen; Amsterdam; Calgary and The Hague. This footprint is further extended through alliances with partners across Africa, the Middle East, Europe, North America and India.
TAQA carries Aa2 and AA- credit ratings from Moody's and S&P respectively. http://www.newscom.com/cgi-bin/prnh/20080324/NYM054 http://photoarchive.ap.org/ DATASOURCE: TAQA CONTACT: New York, Gary Lewi of Rubenstein Associates, +1-212-843-8010, for TAQA; or Abu Dhabi, Reem Al Midwahi of TAQA, +971-2-691-4940, ; or Dubai, Neil Doyle of Capital MS&L, +971-4367-6164, ; or London, Ella Mayhew of MS&L, +44-207-878-3216, , both for TAQA
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