TAQA's Leadership Change: A New Era of Growth and Innovation
TAQA Announces CEO Transition for Strategic Growth
Company prepares for the next phase of profitable growth, market expansion, and digital transformation.
Industrialization and Energy Services Company ("TAQA"), a global leader in energy and industrial services, has recently revealed that Khalid Nouh will step down from his role as Chief Executive Officer, effective June 1, 2025, as part of the company's ongoing evolution and long-term strategic growth agenda.
Achievements Under Khalid Nouh's Leadership
Since taking the helm in 2019, Khalid Nouh has been pivotal in transforming TAQA into a cohesive global organization. During his tenure, the company successfully integrated several value-driven acquisitions such as Tendeka, AZR, OPT Chemicals, Cougar Drilling Solutions, Oliden Technologies, and AlMansoori Petroleum Services (AMPS). These strategic moves have established TAQA as a fully integrated energy services provider, boasting more than twelve service lines and a workforce of 5,500 employees across various global markets.
Digital Transformation and Innovative Solutions
Under his guidance, TAQA has made significant strides in digitizing its operations through a unified platform. The launch of Centers of Excellence in Drilling, Completions, and Intervention marked an essential alignment with regional energy transition goals. Furthermore, Khalid played an instrumental role in positioning ARGAS to support crucial mineral exploration initiatives. His leadership led the company to achieve impressive revenue growth, showcasing strong operational execution.
A Focused Future: TAQA's Next Steps
With a solid foundation laid, TAQA's vision is now concentrated on accelerating its market presence and driving innovation forward.
Introducing the New Interim CEO: Adel Al-Ghadhban
The Board of Directors has appointed Adel Al-Ghadhban as the new Interim Chief Executive Officer, effective from June 1, 2025. Al-Ghadhban brings over 30 years of experience in various energy sectors, including portfolio management and finance, with two decades at TAQA. He is well-equipped to steer the company during this pivotal transition, having led the legal, risk, and compliance functions as well as guiding TAQA's strategic direction.
Words from the Outgoing and Incoming CEOs
Khalid Nouh, the Outgoing CEO, expressed his sentiments: "It has been an extraordinary journey and a privilege to lead TAQA through a period of remarkable growth and transformation. I am proud of what we have built together—a global platform with strong capabilities and a focus on sustainable, profitable growth. I leave confident in the company's direction and leadership, and excited to see it reach even greater heights."
Ahmed Al Zahrani, the Chairman of the Board, added: "On behalf of the Board, I want to thank Khalid Nouh for his exceptional vision and dedication. He played a pivotal role in shaping TAQA into the global leader it is today, delivering on strategy, strengthening our service offering, and transforming the organization into ONE TAQA."
In response to his new appointment, Adel Al-Ghadhban commented: "I am honored to take on this role at such a defining moment in TAQA's evolution. We have a strong foundation, a clear vision, and exceptional teams worldwide. I look forward to collaborating with our people, partners, and clients to build on our achievements and accelerate our strategic growth."
About TAQA
Founded in 2003, TAQA is headquartered in Dhahran and provides leading well solutions for the energy industry, creating value and opportunity for all stakeholders involved. With over 5,500 employees in more than 20 countries, TAQA serves a variety of markets with a comprehensive portfolio that includes Coiled Tubing and Stimulation, Cementing, Wireline, Frac, Directional Drilling, Downhole Tools, Completions, Well Testing, Slickline, Inspection, and H2S & Safety services.
Frequently Asked Questions
What prompted Khalid Nouh's departure from TAQA?
Khalid Nouh is stepping down as part of the company's long-term strategic growth agenda, aiming for market expansion and increased profitability.
Who will be replacing Khalid Nouh as CEO?
Adel Al-Ghadhban has been appointed as the Interim Chief Executive Officer following Khalid Nouh's departure.
What has TAQA achieved under Khalid Nouh's leadership?
Under Khalid's leadership, TAQA successfully integrated several acquisitions and notably digitized its operations, leading to significant revenue growth.
What are TAQA's goals moving forward?
TAQA aims to expand its market presence and drive innovation, leveraging the solid foundation established under previous leadership.
How many employees does TAQA have globally?
TAQA employs over 5,500 people across more than 20 countries, serving various markets worldwide.
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