ADNOC

ADNOC Distribution announces new management appointment

11 July 2019

Thursday 11 July 2019, Abu Dhabi, UAE. ADNOC Distribution, (ISIN: AEA006101017) (Symbol: ADNOCDIST), the UAE’s largest fuel and convenience retailer announced, today, that John Carey, Deputy Chief Executive Officer, has decided to step down from his role and will continue in an advisory capacity. Mr. Carey is replaced by Mr. Mohamed Al Hashimi, in the new role of Chief Operating Officer (COO), who will focus on execution of the company’s ambitious growth strategy.     
 
Saeed Mubarak Al Rashdi, Acting Chief Executive Officer of ADNOC Distribution said: “John joined us at the time of our Initial Public Offering (IPO) and has provided excellent counsel and leadership to our business as we successfully progressed and completed our listing on the Abu Dhabi Securities Exchange (ADX), while also modernizing and transforming our business. We thank John for his dedicated efforts during an important period of our company’s growth and evolution.”

John Carey said: “Working closely with the ADNOC Distribution leadership team, and colleagues from across the organization, we have delivered strong business performance, a robust balance sheet and an exciting growth strategy. Under the Leadership of its Chairman, His Excellency Dr Sultan Ahmed Al Jaber, I am confident that ADNOC Distribution will continue to progress and develop, maintaining its strong momentum. I am proud to have been part of ADNOC Distribution’s growth journey and I wish the ADNOC Distribution Board, Management and employees every success in the months and years ahead.”
 
Mr. Al Hashimi is familiar with the ADNOC Distribution business and is well known to the company’s investors, given his close involvement in its IPO and subsequent investor engagements. A graduate of Harvard University, Al Hashimi has a strong track record of delivering world-class projects while working as Senior Vice President (SVP) Group Strategic Investments for ADNOC Group. In his most recent role as SVP Asset Management & Business Development, Al Hashimi was also advisor to the ADNOC Distribution Executive-Committee, providing him with in-depth knowledge of the ADNOC Distribution business and growth plans.