After six years at TAQA, Carl Sheldon has decided to step down as CEO and member of the board of directors, effective at the annual general meeting in April. Sheldon will remain as chairman of Jorf Lasfar Energy Company (JLEC), TAQA's newly-listed Moroccan power business, and will serve as an advisor to the board of directors of TAQA.
Hamad Al Hurr Al Suwaidi, chairman of the board of directors, said: "Carl has significantly strengthened the business across all our geographies and I am pleased that he will remain involved with TAQA. I would like to thank him for his great contribution and look forward to continuing to work with him in the future."
Sheldon said: "I have been honored to serve TAQA and Abu Dhabi for the past six years, and I would like to thank the board of directors and all my colleagues for such a rewarding experience. I look forward to contributing to TAQA's journey in the future."
Abdulla Saif Al Nuaimi, vice chairman of the firm, will take up a part-time executive role assuming responsibility for TAQA’s government and strategic relations and external affairs. Sheldon will hand over all his responsibilities to Edward LaFehr, an experienced oil and gas executive who currently leads TAQA's North American operation. LaFehr takes on the newly-created role of COO, based in Abu Dhabi. Joel Croteau, currently VP of development in North America, will succeed& LaFehr as president of the North America business.
Suwaidi said: "I am delighted to welcome Ed as COO. He has a deep knowledge of the energy industry and executive leadership experience in many of TAQA’s core regions including the Middle East, North America and Europe. He has led a strategic transformation of our North American business over the last 18 months and I look forward to him driving continuous improvements in the performance of the company."