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4-Traders Homepage  >  Equities  >  ABU DHABI SECURITIES MARKET  >  Abu Dhabi National Energy Company PJSC    TAQA   AEA002401015

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Abu Dhabi National Energy Company PJSC : TAQA appoints Michael T. McGuinty as General Counsel and Company Secretary

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11/27/2013 | 08:50am CEST

27 Nov 2013

Abu Dhabi, United Arab Emirates - TAQA, the international energy company from Abu Dhabi, has appointed Michael T. McGuinty as General Counsel and Company Secretary. 

Mr McGuinty, 51, takes over the role in January and will be based in Abu Dhabi. He succeeds Steven Phillips, who retires at the end of 2013. Mr McGuinty will report to Carl Sheldon, TAQA's Chief Executive Officer, and will be a member of the Executive Management Team.

Mr Sheldon said: "We are delighted that Michael is joining TAQA. He has an excellent track record and his experience in the energy industry gained across the world will be an asset to the company. I wish to thank Steven for his invaluable contribution over the past seven years with TAQA."

Mr McGuinty joins TAQA from Schlumberger, one of the world's largest oilfield services companies, where he held a series of senior legal positions in the Middle East, Europe and North America. Most recently, he held the post of Deputy General Counsel & Director of Compliance. He previously served as Deputy General Counsel, Corporate; Director Legal, Strategic Transactions and Integration; and Director of Legal Operations, where he was responsible for a global team of 140 lawyers.

"I am looking forward to joining such a well-established and dynamic international company," he said. "This is a unique opportunity to help shape TAQA's future in a complex and fast-moving industry."  

Before joining Schlumberger, Mr McGuinty worked for Davies Ward Phillips & Vineberg and Cassels Brock & Blackwell, two Canadian law firms. He has a Bachelor of Laws (LLB) and Bachelor of Civil Law (BCL) from McGill University in Canada, and a Bachelor of Social Sciences, Political Science & Spanish from the University of Ottawa. Mr McGuinty is fluent in French and Spanish.

A Canadian and Spanish national, Mr McGuinty is married and has two children.

- ENDS -

For further information:

TAQA Media Relations - Abu Dhabi
Allan Virtanen 
Head of Media
Tel +971 2 691 4894 
Mob +971 56 685 2717 
Allan.Virtanen@taqaglobal.com  

About TAQA 
TAQA means energy in Arabic. We are an international energy and water company listed in Abu Dhabi operating in 11 countries across four continents. 
We strive to run our company safely and sustainably, operating to the highest ethical standards. We are proud to align our strategy to Abu Dhabi's Economic Vision 2030, a roadmap for a sustainable economy with a focus on knowledge-based industry. 
Our interests lie in conventional and alternative power generation, water desalination, oil and gas exploration and production, pipelines and gas storage. We operate in Canada, Ghana, India, Iraq, Morocco, the Netherlands, Oman, Saudi Arabia, the United Arab Emirates, the United Kingdom and the United States.


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Financials ( AED)
Sales 2016 16 218 M
EBIT 2016 1 576 M
Net income 2016 -
Debt 2016 71 467 M
Yield 2016 -
P/E ratio 2016 -
P/E ratio 2017
EV / Sales 2016 4,58x
EV / Sales 2017 5,02x
Capitalization 2 790 M
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Number of Analysts 1
Average target price -
Spread / Average Target -100%
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NameTitle
Saeed Mubarak Rashed Al-Hajeri Chairman
Saeed Hamad Al-Dhaheri Chief Operating Officer
Mohammed Al Ahbabi Chief Financial Officer
Abdul Aziz Abdulrahman Al-Hemaidi Director
Salem Sultan Obaid Al-Dhaheri Director
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