Raad Esmat Al Saady to replace Acwa Power CEO “Paddy” Padmanathan

Raad Esmat Al Saady (LinkedIn) has been appointed as Acwa Power’s vice chairman and managing director, succeeding Suntharesan “Paddy” Padmanathan (LinkedIn), who stepped down from his position as vice chairman, the company said in a Tadawul disclosure yesterday. Padmanathan will continue to serve as executive board member. Al Saady previously served as chairman of Saudi Airlines’ audit, risk and compliance committee, chairman of Saudi General Authority of Foreign Trade’s executive committee, and chairman of the Northern Region Cement company.