TAQA CEO quit over split on firm's direction

The outgoing chief executive of Abu Dhabi National Energy Co said on Saturday he decided to step down after his vision for the state-backed oil producer diverged from that of its board.

Peter Barker-Homek told Reuters the departure from the firm, known as TAQA, was his decision and he would be taking up a new position within the oil and gas sector.

"I had a discussion with my board at TAQA," he said. "We discussed the future direction of the firm, my future direction I'd like to take it and we decided that it would be best for me to step down at this time. It was my choice."