Siemens Energy has appointed a new CEO of the Oil & Gas Division at the beginning of February the company announced.
Adil Toubia will become the new CEO of the Oil & Gas Division of Siemens Energy. He succeeds Tom Blades, who has been appointed as a member of the Managing Board of Linde AG.
Adil Toubia brings three decades of experience in this branch of industry and was most recently a partner in Energy Capital Group, a private equity investment firm in the oil and gas industry. Prior to that, he held executive positions at GCC Energy Fund and Schlumberger. “We’re pleased to have secured a recognized leader with international experience in the oil and gas industry as CEO of our Oil & Gas Division,” said Michael Suess, member of the Managing Board of Siemens AG and CEO of the Energy Sector.
The Oil & Gas Division offers products and solutions for the extraction, processing and transport of oil and gas. The portfolio includes industrial gas turbines, compressors and products for deep-sea power supply. In fiscal 2011, the Division had revenues of US$6.2 billion and posted a profit of US$616mn.
