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Abu Dhabi Energy Chief Al Jaber Appointed CEO of Investment Unit
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Heartspace News Desk
•Source: Bloomberg.com
Photo by Iwona Castiello d'Antonio on Unsplash
TL;DR
Sultan Al Jaber, who is already Abu Dhabi's energy chief and CEO of Adnoc, has now also been appointed CEO of XRG, Adnoc's international investment unit. This move supports Adnoc's global expansion into gas and chemicals following increased sector acquisitions and follows the retirement of Khaled Salmeen, XRG's former chief operating officer.
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Key takeaways
- Sultan Al Jaber, Abu Dhabi's energy chief and Group CEO of Abu Dhabi National Oil Co
- (Adnoc), has been appointed CEO of XRG, Adnoc's international investment unit, according to Bloomberg
- This leadership transition supports Adnoc's strategic global expansion into gas and chemicals, fueled by a recent increase in sector acquisitions
Sultan Al Jaber, Abu Dhabi's energy chief and Group CEO of Abu Dhabi National Oil Co. (Adnoc), has been appointed CEO of XRG, Adnoc's international investment unit, according to Bloomberg.com.
This leadership transition supports Adnoc's strategic global expansion into gas and chemicals, fueled by a recent increase in sector acquisitions. While Al Jaber had already been overseeing key decisions at the year-old investment unit, he officially assumed the CEO role this month, as reported on the company's social media channels. The appointment also follows the retirement of Khaled Salmeen, formerly Adnoc’s Downstream CEO and XRG's chief operating officer.
Related Topics
Abu DhabienergyinvestmentCEOleadershipoilinternational
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