The Abu Dhabi National Energy Company (Taqa), which is majority owned by the Abu Dhabi Government, has announced that Doug Fraser, chief finance officer (CFO), is leaving the company to return to Canada.

Stephen Kersley has been appointed as the CFO, and will take up his duties from May 22. Stephen's appointment as CFO comes after many years of wide-ranging experience at Shell. He brings more than 20 years of corporate finance, strategic planning and management experience to Taqa, having recently served as vice president – Finance.

Stephen will be based in the company’s corporate headquarters in Abu Dhabi.

“Over the past three years, Doug has made a significant contribution to Taqa’s financial management and investor relations. For some time, Doug has made clear his wish to return to Canada, to spend more time with his family. We are grateful to Doug for his service and wish him well in all his future endeavours,” said Abdulla Saif Al Nuaimi, CEO and managing director of Taqa.

Doug will remain with the company until June 30.-TradeArabia News Service