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Acwa Power appointed Samir J. Serhan (LinkedIn) as its new CEO, effective yesterday, the company said in a disclosure to Tadawul. Serhan succeeds Marco Arcelli (LinkedIn), whose contract was set to expire in April 2027, as part of a structured succession plan. Arcelli will remain with Acwa as advisor to the chairman.
About Serhan: Serhan previously served as Acwa’s president for Saudi Arabia and the Middle East, overseeing seven markets. He also held senior global roles at Air Products, Praxair, and the Linde group. He brings over 30 years of experience in industrial and infrastructure operations, with expertise in operational transformation, institutional capability building, and capital-intensive project management.
PLUS- Maaden taps new CFO: Saudi Arabian Mining Company (Maaden) appointed Gilberto Antoniazzi (LinkedIn) as CFO and executive VP, the company said in a disclosure to Tadawul. The post was previously held by Saulat Sultan, who was serving on an acting basis. Antoniazzi has more than 30 years of experience in global finance across a wide range of sectors including agrochemical, automotive, and manufacturing.
