Saudi firm Acwa appoints new CEO in planned succession
In Saudi Arabia, Arab News reported that Saudi utility developer Acwa appointed Samir J. Serhan as CEO effective March 1, replacing Marco Arcelli in a planned leadership transition as the company accelerates global expansion in renewable energy, desalination and green hydrogen.
Arcelli, who has led Acwa since March 2023, will remain adviser to the chairman to support an orderly transition, according to a regulatory disclosure.
Mohammad Abunayyan, founder and chairman of the board of directors of Acwa, said: “Acwa stands today as a Saudi national champion and a global leader in renewable energy, water desalination, and green hydrogen, and our position continues to strengthen.”
He added: “This structured leadership transition reflects the strength of our governance and the maturity of our business platform. Our strategic direction remains clear and unchanged.
Category: Hydrogen
