Board of Directors resolutions’ disclosure -Retirement of current CEO and appointment of new CEO
Phoenix Power Company SAOG (the “Company”) advises the Capital Market Authority, the Muscat Securities Market and the investors’ community that it has resolved the following at the meeting of the Board of Directors held on 22 February 2022:
Approval of the retirement of Mr. Paul Atkinson from his position as CEO of the company with effect from April 1, 2022 and the appointment of Mr. Mohammed Said Al Shuaili as CEO of the company with effect from April 1, 2022. Mohammed has 15 years of experience in the field of electricity and water production. Mohammed has worked extensively in the Oman electricity generation and water desalination sector, most recently as the PGM of the Ibri I IPP project and Ibri II Solar PV IPP Project. Mohammed understands well the challenges both short and long term that facing the electricity sector.
Mohammed holds a Bachelor's degree from Sultan Qaboos University in Mechanical Engineering and a Master's degree in Maintenance Management from Caledonian Engineering University.
Ahmed Zahir AL Abri
Chief Financial Officer / Disclosure Officer