NEOM Green Hydrogen Appoints Edmondson as CEO

NEOM Green Hydrogen Appoints Edmondson as CEO
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NEOM Green Hydrogen Appoints Edmondson as CEO

NEOM Green Hydrogen Appoints Edmondson as CEO

The Board of Directors of "NEOM Green Hydrogen Company" (NGHC) has appointed David Edmondson as CEO of the company, which was recently launched as part of NEOM’s subsidiaries to contribute to the implementation of NEOM's strategic plans that reflect its comprehensiveness and future vision.

NGHC is a joint venture between NEOM, ACWA Power, and Air Products to build the world's largest plant to produce green hydrogen based on renewable energy by 2026, utilizing the green hydrogen produced to fuel electric vehicles in NEOM, so that green hydrogen is among a range of different clean energy solutions that NEOM seeks to adopt.

“We look forward to starting with clear steps to achieve a qualitative leap in the global energy market, establishing a circular economy while maintaining sustainability standards and working to achieve an abundance of resources, in balance with nature, to build a sustainable future for the next generations,” said the CEO of NEOM and Chairman of the Board of Directors of NGHC, Eng. Nazmi Al-Nasr.

He added that the appointment of Edmondson to lead the constitutional phase of the company to build the world’s largest plant for the production of green hydrogen, is designed to produce 1.2 million tons of hydrogen annually.



BP Chair Helge Lund to Step Down

FILE PHOTO: FILE PHOTO: BP Chairman Helge Lund speaks during an interview with Reuters at BP's headquarters in London, Britain, June 25, 2019. REUTERS/Dylan Martinez/File Photo/File Photo
FILE PHOTO: FILE PHOTO: BP Chairman Helge Lund speaks during an interview with Reuters at BP's headquarters in London, Britain, June 25, 2019. REUTERS/Dylan Martinez/File Photo/File Photo
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BP Chair Helge Lund to Step Down

FILE PHOTO: FILE PHOTO: BP Chairman Helge Lund speaks during an interview with Reuters at BP's headquarters in London, Britain, June 25, 2019. REUTERS/Dylan Martinez/File Photo/File Photo
FILE PHOTO: FILE PHOTO: BP Chairman Helge Lund speaks during an interview with Reuters at BP's headquarters in London, Britain, June 25, 2019. REUTERS/Dylan Martinez/File Photo/File Photo

BP Chair Helge Lund intends to step down "likely during 2026" and the process to pick his successor has started, BP said on Friday amid a campaign by activist hedge fund Elliott for more change at the company.
Lund had backed BP's 2020 strategy to move its focus away from oil and gas, including an ambition to cut its hydrocarbon output by 40% this decade, a plan that saw BP's shares underperform its peers such as Shell or Exxon.
Following gradual steps away from that strategy - devised by then-CEO Bernard Looney, who left BP in 2023 after it emerged he had not disclosed relationships with colleagues - new Chief Murray Auchincloss in February announced a renewed focus on oil and gas.
Elliott Management, which has built a near 5% stake in BP according to sources, wants even more change, and some shareholders, including more climate-focused ones, have discussed potential leadership changes. Lund stands for re-election at BP's April 17 annual shareholder meeting.
"Now is the right time to start the process to find my successor and enable an orderly and seamless handover," Reuters quoted Lund as saying in a statement.
The successful candidate will join the board and work with Lund ahead of taking on the role, at which point Lund will step down from the board, most likely in 2026, BP said.