ADNOC Distribution, the leading fuel distributor and convenience store operator in the UAE has appointed Bader Saeed Al Lamki as its new chief executive.
Mr. Al Lamki, who will replace the acting chief executive Ahmed Al Shamsi, will start his new role on May 27, the company said in a statement on the Abu Dhabi Securities Exchange, where its shares trade.
The new CEO of ADNOC Distribution has 20 years of industry experience in various areas such as oil and gas, energy efficiency, clean energy and utility sectors, and most recently held the position of chief executive at National Central Cooling Company known as Tabreed.
“I look forward to welcoming Eng. Bader on board, an experienced CEO with a pedigree of success in his recent leadership roles, as we continue to drive forward with our smart growth strategy, with a focus on delivering modern fuel retail convenience to customers and added value to our shareholders.”
Further, Mr. Al Lamki has held senior positions at Abu Dhabi’s renewable energy company Masdar, supporting business growth activities. He steered the development of the company’s clean energy portfolio in 25 countries, leading on a number of its most iconic projects. Mr. Al Lamki has also worked for Abu Dhabi Marine Operating Company, an ADNOC Group company.
Morgan Stanley Capital International (MSCI) Emerging Markets index has included the ADNOC unit after it met the requirements and will now be among nine UAE-listed companies to be part of the index which is most widely tracked by global institutional investors.
ADNOC Distribution reported a 58 percent rise in first-quarter profit this year, helped by growth in its fuel retail and commercial segments. Currently, it operates 449 retail fuel stations and 332 convenience stores and is the only fuel retailer operating in all seven emirates in the UAE. In 2018, the company expanded its operations internationally, opening two service stations in Saudi Arabia.