When Abu Dhabi National Energy Company, also known as Taqa, dropped the Friday night bombshell that its chief executive was stepping down, it did not take long for reporters to ask whether he jumped or was pushed.
Reached on his mobile phone on Sunday, Peter Barker-Homek put on a brave face.
“I’m going into a new career,” he said. “It will be in the oil and gas sector. It’s exciting.”
Mr Barker-Homek denied there was a “disconnect” between himself and the Taqa board. That was soon after Reuters quoted him as saying his decision to resign followed a discussion with the board over the company’s future direction.
The company’s explanation for replacing Mr Barker-Homek with his deputy, Carl Sheldon, was that it was “moving into a new phase of development” and shifting its focus from acquisitions to integrating existing assets. Mr Barker-Homek’s mergers and acquisitions experience “made him ideal to help establish Taqa in its early days”, said Hamad al Suwaidi, the chairman of Taqa.
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