ACWA Power Company announced the appointment of Dr. Samir J. Serhan as chief executive officer effective March 1, 2026. In line with the natural progression of executive leadership terms and Acwa's disciplined governance framework, the Board of Directors of the Saudi-listed company made this appointment as part of a planned and structured leadership transition and succession process overseen by the company's Board Nomination and Remuneration Committee. The Board and the former CEO Marco Arcelli agreed to implement the planned succession process to ensure continuity and stability.
The company's long-term direction remains unchanged. Since joining Acwa last year as President of Saudi Arabia and Middle East, Dr. Serhan has worked closely with the leadership team and is fully prepared to assume this new responsibility. Previously Dr. Serhan was chief operating officer of the US-based company Air Products where he had global responsibility for the company's operational business and project execution with P&L accountability for the Americas, Asia, Europe, Africa, the Middle East, and India.
He also led functions including technology, global engineering, manufacturing, and equipment at Air Products. Earlier in his career he was president, Hydrogen for Praxair. For 14 years prior, he worked for the Linde Group in leadership positions in the US and Germany, culminating in his role as managing director, Linde Engineering.
Dr. Serhan brings more than three decades of global leadership experience across large-scale industrial and infrastructure organizations, with a strong track record in driving operational transformation, strengthening institutional capability, and delivering disciplined and profitable growth in complex, capital-intensive environments.
