The Abu Dhabi National Energy Company (TAQA) has appointed a new general counsel and company secretary to replace outgoing Steven Phillips who retires this year.
Michael McGuinty will take over from Phillips in January and will be based in Abu Dhabi, reporting to TAQA’s chief executive officer Carl Sheldon, the company’s former GC and Allen & Overy (A&O) partner.
He joins from one of the world’s largest oilfield services companies, Schlumberger, which also fielded the new GC for French oil giant Total SA last month (23 October 2013).
Before joining Schlumberger McGuinty worked for Canadian firms Davies Ward Phillips & Vineberg and Cassels Brock & Blackwell.
Phillips has held the role since 2010 when Carl Sheldon was appointed member of the board and TAQA chief executive officer in 2011.
Sheldon, a former A&O banking partner and one-time head of the firm’s New York office, left A&O in 2008 after being lured over to the company through the firm’s banking practice (19 March 2008).
TAQA posted total revenue of almost AED 6.1bn for the third quarter of 2013 (£1bn) and earns the equivalent of around £4.6bn annually – though the company was down 16 per cent on the third quarter of 2012.
In oil and gas revenue alone it bought in the equivalent of £636m in the third quarter of the year and made £98m profit.
McGuinty will take up a role on the eight-strong management committee in the new year.