Home UAE Abu Dhabi UAE’s ADNOC appoints new managing director, restructures to form executive board of directors Dr Sultan Ahmed Al Jaber has been appointed as managing director of ADNOC, in addition to his current position as CEO by Varun Godinho March 1, 2021 Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE and Ruler of Abu Dhabi, issued a resolution to form a board of directors for the Abu Dhabi National Oil Company (ADNOC). The board will be chaired by Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, Deputy Supreme Commander of the UAE Armed Forces and chairman of the Abu Dhabi Executive Council. Sheikh Khalifa bin Zayed also issued a second resolution appointing Dr Sultan Ahmed Al Jaber as managing director of ADNOC, in addition to his current position as CEO of the company. His Highness also issued a second resolution to appoint Dr. Sultan Al Jaber as the Managing Director of Abu Dhabi National Oil Company (ADNOC), in addition to his current position as the company’s Chief Executive Officer. pic.twitter.com/fHVjhb6Y8M — مكتب أبوظبي الإعلامي (@admediaoffice) February 28, 2021 The board of directors includes Sheikh Hazza bin Zayed Al Nahyan, Sheikh Mansour bin Zayed Al Nahyan, Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Dr Sultan Ahmed Al Jaber, Khaldoon Khalifa Al Mubarak, Dr. Ahmed Mubarak Al Mazrouei, Jassem Mohammed Al Zaabi, Suhail Mohamed Al Mazrouei, Ahmed Ali Al Sayegh and Engineer Awaidha Murshed Al Marar. Sheikh Mohamed bin Zayed Al Nahyan meanwhile in his capacity as Chairman of the board of directors of ADNOC also issued a separate resolution to form an executive committee of the board of directors for the company chaired by Sheikh Khaled bin Mohamed bin Zayed Al Nahyan. Mohamed bin Zayed, in his capacity as Chairman of the board of directors of Abu Dhabi National Oil Company (ADNOC), has issued a resolution to form the executive committee of the board of directors chaired by Khaled bin Mohamed bin Zayed. pic.twitter.com/IPjDnyedfa — مكتب أبوظبي الإعلامي (@admediaoffice) February 28, 2021 The other members of the executive committee includes Dr. Sultan Ahmed Al Jaber, Khaldoon Khalifa Al Mubarak, Jassem Mohammed Al Zaabi, Suhail Mohamed Al Mazrouei and Ahmed Ali Al Sayegh. In February, ADNOC Distribution reported a net profit of Dhs2.4bn for 2020, of which Dhs851m was posted in the fourth quarter. Read: UAE’s ADNOC Distribution records Dhs2.4bn in net profit for 2020 The company’s EBITDA (earnings before interest, taxes, depreciation and amortisation), however, totaled Dhs3.6bn. Tags Abu Dhabi Abu Dhabi National Oil Company energy News Sheikh Khaled bin Mohamed bin Zayed Al Nahyan Sheikh Khalifa bin Zayed Al Nahyan Sheikh Mohamed bin Zayed Al Nahyan Sultan Ahmed Al Jaber UAE 0 Comments You might also like US private credit firm Golub Capital to set up base in Abu Dhabi ‘Make Bitcoin Great Again’: Eric Trump attends Abu Dhabi crypto gathering UAE set to roll out 15% tax for global corporate giants Space42 teams up with ICEYE to manufacture SAR satellites in UAE