Executive Management

Carl Sheldon Chief Executive Officer

Carl Robert Sheldon was appointed as member of the Board and then as TAQA’s Chief Executive Officer in 2011. Previously, Mr Sheldon held positions with TAQA as General Counsel, Deputy General Manager and General Manager. Before joining TAQA in 2008, he was a Partner with Allen & Overy LLP, where his main focus was the energy sector. During more than 20 years of practice, he has been involved in many major international oil, gas and power projects. At Allen & Overy, he was also instrumental in building the firm’s German and United States operations. Mr Sheldon is a qualified lawyer admitted to practice in New York and in England. He holds a Master’s degree from Cambridge University and is a United States national.

Stephen Kersley Chief Financial Officer

Stephen Kersley joined TAQA as Chief Financial Officer in May 2011. This followed 23 years in corporate finance, strategic planning and management with Royal Dutch Shell based in the United Kingdom, the Netherlands, China, Syria and Indonesia. Most recently, he worked as Vice President of Finance for Shell’s Global Lubricants business in the United Kingdom. Mr Kersley holds a Bachelor of Laws degree from Birmingham University in the United Kingdom and is a Chartered Accountant. Mr Kersley is a United Kingdom national.

Steven Phillips General Counsel

Steven Phillips is TAQA’s General Counsel and Company Secretary. Previously, he was Group Vice- President and General Counsel, Power for TAQA New World Inc. Mr Phillips previously worked for CMS Enterprises Company in Asia and North America from May 1996 until its acquisition by TAQA in 2007. His principal role at CMS Enterprises Company was the acquisition, development, financing and disposition of energy infrastructure companies and assets across North America, Asia, Australia, Africa and the Middle East. Mr Phillips also worked for Morrison and Foerster LLP from 1981 to 1996 and has served on the Boards of public companies in the United States and Canada. Mr Phillips earned his Juris Doctorate from the University of California, Hastings College of Law and is a United States national.

David Cook Executive Officer, Oil & Gas

David Cook is Executive Officer of Oil & Gas having joined TAQA in October 2010 following more than 20 years’ experience in the upstream and midstream businesses at Amoco, BP and TNK-BP. Previously, Mr Cook was Vice-President for BP Russia, responsible for BP’s non-TNK-BP exploration and development activities in the country. He has held a variety of global technical, commercial and managerial positions based in the United States, United Kingdom and Russia, as well as Board of Directors roles. He holds a Bachelor of Science in Geophysics and a PhD in Geological Sciences from Michigan State University. Mr Cook is a United States national.

Frank Perez Executive Officer, Power & Water

Frank Perez joined TAQA in July 2009. He has more than 25 years’ experience in the power and utility sector. Before joining TAQA, he was General Manager of PSEG Americas Latin America Electric and Gas Utilities portfolio, Chief Political and Regulatory Officer for PSEG, Chief Executive Officer and President of a subsidiary of DPL Inc (the parent company of Dayton Power & Light) and Corporate Officer of DPL Inc. Mr Perez has also worked for ABB’s power business. He is a founding partner of a global energy investment advisory firm and was previously a Board member of several international electric and gas utility and power companies. He holds a Bachelor of Science degree in Civil Engineering from Tulane University in the United States. Mr Perez is a United States national.

Dr Saif Al Sayari Executive Officer, Head of Energy Solutions

Saif Al Sayari joined TAQA in 2010 as Vice President Operations Technology and Innovations for TAQA’s Oil & Gas business stream. He has more than 12 years’ experience in the energy business, having previously worked at Abu Dhabi National Oil Company (ADNOC), where he held a variety of technical and managerial positions. Dr Al Sayari holds a PhD in Petroleum Engineering from Imperial College London and is a United Arab Emirates national.

Ken Boyle Group Vice President, Human Resources

Ken Boyle joined TAQA in 2011 from BP, where he worked as Vice President of HR for the Middle East and Pakistan, and as Vice President of HR for the North Sea and Norway. Before that, he held a number of HR Director roles with Rolls-Royce, Gas Turbines in Manufacturing, the Aftermarket (Repair and Overhaul) and the Industrial Power Group. In addition, he has also held roles in business improvement, quality, and manufacturing. Mr Boyle is a Companion of the Chartered Institute of Personnel and Development. He holds a degree in Psychology and has a Master’s in Human Resource Management from the University of Newcastle-Upon-Tyne in the United Kingdom. Mr Boyle is a United Kingdom national.

Frédéric Lesage Chief Strategy Officer

Mr Lesage joined TAQA in 2007 from McKinsey & Company, where he was a senior consultant. As Chief Strategy Officer, Mr Lesage is responsible for the efficient execution of TAQA’s strategy across the Group, working with TAQA’s three business streams: Power & Water, Oil & Gas and Energy Solutions.

Since 2008, Mr Lesage has been based in Calgary, Canada, as President & Managing Director of TAQA’s North American Oil & Gas operations. He has successfully integrated three North American companies acquired by TAQA in 2007-2008, and has transformed its operating model into a full-fledged exploration & production oil & gas company focusing on developing large projects.

He holds a Bachelor of Law degree from Université de Montréal, and a MBA from the Ivey School of Business at The University of Western Ontario. Mr Lesage is a Canadian national.