Acwa – a Saudi firm listed on the Riyadh Stock Exchange and lively in water desalination and the manufacturing of inexperienced hydrogen – has appointed Samir J.Serhan as CEO from as we speak. He will succeed Marco Arcelli who, as earlier CEO, agreed with the board of administrators on the succession course of deliberate to ensure continuity and stability, explains a observe. The firm’s long-term course stays unchanged.
The profile
Having joined Acwa final yr as president for Saudi Arabia and the Middle East, Serhan has labored carefully with the administration crew. Previously, he was Chief Operating Officer of the US firm Air Products. He additionally held senior roles throughout a number of industries, together with know-how, world engineering, manufacturing and tools throughout the group. Earlier in his profession he was president of Praxair’s Hydrogen division. Over the earlier fourteen years he held administration positions on the Linde Group within the United States and Germany, finally turning into CEO of Linde Engineering.
«This guided transition displays the power of our governance and the solidity of our enterprise platform – commented Mohammad Abunayyan, president of the Acwa board of administrators – Our strategic course stays very clear and unchanged». Founded in 2004, Acwa presently has a presence in 15 nations throughout the Middle East, Africa, Central Asia and Southeast Asia. Its contains 111 tasks with an funding worth of $114.8 billion.
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