Abu Dhabi's ADNOC Gas appoints Fatema Al Nuaimi as new CEO
Adds details on new CEO in paragraph 3, background on ADNOC Gas in paragraphs 4-6
DUBAI, Dec 17 (Reuters) -Abu Dhabi's ADNOC Gas ADNOCGAS.AD said on Tuesday that it has appointed Fatema Al Nuaimi as its new CEO, effective Jan. 1, following Ahmed Alebri's decision to step down after nearly two years at the helm.
"In her new role, Al Nuaimi will lead the delivery of ADNOC Gas' ambitious business strategy that is focused on growth, decarbonization, and future proofing," the company said in a statement, adding that Alebri will become the CEO of ADNOC Sour Gas from next month.
Al Nuaimi, who is currently executive vice president for the firm's downstream business management, was formerly ADNOC LNG's CEO until 2022, and had previously worked to develop ADNOC's gas master plan.
ADNOC's gas unit became operational at the start of 2023 as the state-backed oil giant consolidated its gas processing, LNG and industrial gas operations into one company.
ADNOC Gas has since listed on the Abu Dhabi stock exchange, raising about $2.5 billion in one of the biggest IPOs in the region in recent years.
Its parent was reportedly considering selling a further 3%-5% stake in the business.
Reporting by Federico Maccioni; Editing by Sherry Jacob-Phillips and Varun H K
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