| Kippreport.com

TAQA CEO quits over differences in company vision

October 17, 2009 6:53 by kippreport

The outgoing CEO of Abu Dhabi National Energy Co, otherwise known as TAQA, announced on Saturday he decided to stepped down after his vision for the company differed from the board’s plans, reports Reuters.

“I had a discussion with my board at TAQA,” he said. “We discussed the future direction of the firm, my future direction I’d like to take it and we decided that it would be best for me to step down at this time. It was my choice.”

However, Peter Barker-Homek told the news agency he will remain working in the oil and gas industry.

Barker-Homek will be replaced by Carl Sheldon, TAQA’s general counsel and deputy general manager.

Tags: Abu Dhabi National Energy Co, CEO, quit, TAQA