International Power is to hand more authority to its Middle East general counsel after the departure of David Wadham for Ashurst.
Graham Methold has been named the UK energy company’s top lawyer for the lucrative Middle East region after Wadham’s resignation, as first reported on www. thelawyer.com (26 April).
Methold, who joined International Power from Freshfields Bruckhaus Deringer in 2000, will be based in Dubai from 1 July.
“The role of regional genral counsel is going to be more meaty, more substantial now,” said Methold. “We’ve been winning and closing deals since early 2001, which have been mainly greenfield sites, so there was a lag while construction took place. It’s now at that stage where they’re coming online and we’re entering the region of £60m profit and beyond for the Middle East.”
Where Wadham and Methold had previously both reported to International Power’s group general counsel Stephen Ramsay, Methold will now report to Middle East manager Ranald Spiers.
“It’s about giving more power to the Middle East region and giving the legal function more authority to make decisions within the region,” said Methold.