Board of Directors
The Company is governed by a Board of Directors, consisting of five (5) to eleven (11) members, elected by the General Meeting of the Shareholders. The term of office of the members of the Board of Directors is five (5) years.
Following Masdar’s acquisition of 70% of the Company shareholding, the composition of the Board of Directors is the following:
Georgios Peristeris
Chairman, Executive Member
He was born in Athens in 1957. He graduated as a Civil Engineer from the National Technical University of Athens in 1980. His involvement with TERNA S.A. begun in 1981. Between 1982 and 1984 he was a Constructions’ Manager in important hydraulics and railway projects. In 1984 he became Chairman and CEO of TERNA S.A. In 1997 he establishes TERNA ENERGY and assumes the position of the Chairman. Since then he has developed intense entrepreneurial activity in the field of renewable energy sources (RES).
He also occupies the position of the Chairman of the Hellenic Association of Renewable Energy Electricity Producers since 2000. This Association constitutes a founding member and is represented in the BoD of the corresponding European Federations (European Renewable Energies Federation – EREF).
Emmanuel Maragoudakis
Chief Executive Officer, Executive Member
He was born in Evia in 1951. He holds a degree in Mechanical Engineering from Newcastle University and a post graduate degree in production management and manufacturing technology from Strathclyde University of Scotland. He commenced his professional career as a plant manager at Vidomet S.A., a manufacturing company, where he was employed from 1980 to 1988. From 1988 to 1989 he was plant manager at Sabo S.A., a company specializing in the construction and installation of industrial machinery. He was the managing director of Viomek S.A.from 1988 to 2013. He initiated a co-operation with TERNA ENERGY in 1997, and today occupies the position of the company’s CEO and that of the General Manager of the Environment and Renewable Energy Sources Sector.
Georgios Mergos
Vice-Chairman of the Board of Directors, Independent non-Executive Member
He was born in Evia in 1948. He is Professor Emeritus, Department of Economics of the National and Kapodistrian University of Athens, where he has been teaching since 1986. He studied Economics at the University of Athens and holds an MSc Degree from Oxford University, UK and a PhD degree from Stanford University, USA. Before joining the University of Athens, he worked for the World Bank. He has served as Secretary General, Ministry of Finance, Governor of the Foundation of Social Security and Secretary General of the Ministry of Economy. He has conducted research with research institutions in Greece and abroad, and consulting with various international organizations and the European Commission (DG External Relations) on issues of development programme and project evaluation in numerous countries (China, India, Egypt, other South Asia countries, all countries of the former Eastern Europe and several countries of the former Soviet Union). He has served, inter alia, as a member of the BoD of GEK TERNA, PPC, NBG, Alpha Bank and as a member of the Board of Governors of Black Sea Trade and Development Bank. He is member of the BoD of Piraeus Bank Real Estate since 2014 and a BoD member of the Foundation of Economic and Industrial Research, a non-profit think tank, since February 2020.
Marina Sarkisian Ochanesoglou
Independent Non – Executive Member
Ms Sarkisian Ochanesoglou holds a degree in Civil Engineering from Imperial College of Science, Technology and Medicine in London and an MSc in Environmental Engineering from the same university. She has been a Member of the Board of Directors of Cenergy Holdings since May 2020. She has over twenty years of experience in environmental management and climate change issues. She has worked in the Environmental Department at Athens International Airport S.A. for a period of 15 years, holding positions of responsibility in climate change, air quality and aircraft noise issues Previously (1994-1997) she was an independent environmental consultant collaborating with Ecosystems Analysis Ltd and Panagopoulos & Associates participating in a wide range of Environmental Impact Assessment Studies for infrastructure projects and other studies.
Tatiana Karapanagioti
Independent Non – Executive Member
Ms. Karapanagioti is the founder and CEO of FULLVIEW, a strategic communication company with a clientele from the banking, industrial and wider business areas. Also, she is currently the President of the Civil Non-Profit Company, Initiative for Journalism, Member of the Advisory Committee of ELIAMEP, Member of the Advisory Committee of DESMOS, member of the Board of the Association of Friends of Music and member of the Board of insidestory.gr. She has received the Gold Medal of Honor from the Republic of Austria in 2018. She has served as Minister of Culture and Tourism in the caretaker Government of Pikrammenos, May – June 2012, as well as Member of Parliament, February – April 2012. She has extensive experience as a Communication Consultant, 09 / 2011-12 / 2017. As the founder and CEO of FULLVIEW she has deep knowledge and long experience in matters of communication, relations with the media as well as perception of the operation of the State and market players. Previously, as Executive Producer of LYNX PRODUCTIONS, 09/2005-08/2011 she was involved in the production of journalistic and news programs in collaboration with private and public television channels. Also, as founder and CEO of URGH PRODUCTIONS, Founder and CEO, 09/2005-09/2015 in the production of educational and cultural documentaries in collaborations with private and public television channels, with OMMA (Athens Concert Hall), La Foundation, etc. She was a publisher in THEATIS MAGAZINE, 2005-2006, publisher in SALVO PUBLICATIONS, ROYAL COLLEGE OF ART, London, 2001-2003 and participated in individual and group photography exhibitions, Athens & London, 2000-2010
Abdulaziz Mohamed Abdulla Alobaidli AlHammadi
Non-Executive Member
Mr. Abdulaziz Alobaidli is Masdar’s Chief Operating Officer for the RES portfolio, as well as the Engineering, the Supply Chain and the Energy Services. Mr. Alobaidli previously served as general manager at Masdar subsidiary, the Shams Power Company, from 2015 to 2018.
Mr Alobaidli had worked for TAQA since 2018, leading its domestic power and water generation business, where he oversaw a portfolio with a capacity of 22.4 gigawatts and 1120 million imperial gallons per day.
With over 16 years’ experience in the energy and utilities business, including renewables, Mr. Alobaidli has served on the boards of directors of several generation and water desalination companies across the UAE and the Middle East.
Over the course of his career, Mr. Alobaidli has been involved in a number of landmark renewable projects, including the Shams 1 CSP project, Noor Abu Dhabi PV project and, most recently, the Al Dhafra PV project.
Mr. Alobaidli earned an M.Sc in Energy Engineering (specializing in power plant technology) from RWTH Aachen University in Germany and a B.Sc in Mechanical Engineering from UAE University. He received the Emirates Energy Award in 2013 and was a member of the Zayed Future Energy Prize Review Committee.
Mohammed Mazin Khan
Non-Executive Member
As Chief Financial Officer of Masdar, Mazin Khan brings over 20 years of invaluable experience in the utilities and renewable energy sectors. With a focus on business and financial strategy, corporate and project financing, commercial negotiation, and business development activities, Mazin has a proven track record of driving financial success in complex and dynamic environments.
Before joining Masdar, Mr. Khan held several senior finance positions, including roles at the Abu Dhabi National Energy Company (TAQA), PwC Canada, and Ernst & Young Middle East. During his tenure at these organizations, Mazin played a key role in shaping financial strategies, managing corporate and project financing, and overseeing various financial and risk management initiatives.
Mr. Khan is a seasoned finance professional and a qualified Chartered Accountant of the Institute of Chartered Accountants in England and Wales. He is also a fellow member of the Association of Chartered Certified Accountants, bringing a wealth of financial expertise and leadership to the Masdar team.
Nikolas Meitanis
Non-Executive Member
Dr Nikolas Meitanis joined Masdar in 2010 to work on the Abu Dhabi Carbon Capture and Storage Network project and other carbon market related activities. Over the years he has held various commercial, investment management, and strategy roles. In his most recent assignment, Dr Meitanis supported the Masdar CEO and C-suite on a variety of initiatives, including strategy formulation, business development, stakeholder engagement, and had various managerial responsibilities.
Dr Nikolas holds a PhD in low energy nuclear physics from the Massachusetts Institute of Technology.
Faisal Tahir Bhatti
Non-Executive Member
Business development professional with proven expertise in sourcing, structuring and financing complex deals with a demonstrated history of achieving outstanding results with over USD 1.5 billion of new development deals and over USD 1 billion of loans and refinancings closed since joining Tabreed in 2014.
Qualified Chartered Accountant with experience in Business Development, Finance, Financial Planning, Investor Relations, Accounting, Strategy Development, Project Financing, Debt Restructuring, M&A and IFRS.
Ahmed Abdelrahim Yousif Mohamed Alawadhi
Non-Executive Member
As Director of the Business Development & Investment at Masdar, Mr. Ahmed Al Awadhi brings 20 years of experience in the field of engineering and energy with a focus on the renewable energy sector. Participated in the establishment of EON Masdar Integrated Carbon, a joint venture between Masdar and EON. Seconded from Masdar to the UAE Ministry of Energy led the structuring and establishing of the clean energy and climate change function at the Ministry. As the Director of Masdar’s Business Development and Investment he is responsible for implementing Masdar’s growth strategy through overseeing Masdar’s local and global utility-scale clean energy business and project origination, development and investment activities.