Mansoor Mohamed al Hamed has been appointed chief executive of Abu Dhabi's Mubadala Petroleum, the emirate's international upstream company and a wholly owned subsidiary of Mubadala Investment Company.

Industry veteran Hamed was previously chief growth officer, responsible for all new business development and mergers and acquisitions activities.

He brings with him over 15 years of diverse experience in the oil and gas sector and across various disciplines of business leadership.

Hamed said: “Having been with the company for over a decade, I have seen first-hand how our combination of deep technical and operational excellence, together with strategic acumen and enduring industry partnerships, has enabled the business to chart a successful path forward.

“Our efforts in recent years to drive operational and cost efficiencies have had a substantial impact and ensured we have a platform for growth.”

Hamed holds a BSc degree in Business Administration from the American University in Dubai and two MSc degrees from Abu Dhabi University and National Defense College in Abu Dhabi.

ENERGY EXPLORED: SUBSCRIBE TO ACCELERATE

Gain valuable insight into the global oil and gas industry's energy transition from ACCELERATE, the free weekly newsletter from Upstream and Recharge. Sign up here today.

“Throughout his tenure, Mansoor has been integral to driving the company’s growth and central to its international expansion," Mubadala Petroleum chairman Musabbeh al Kaabi said on Wednesday.

"In his new role, and alongside the leadership team at Mubadala Petroleum, he will provide the continuity and focus needed to take the organisation forward amidst an evolving global energy landscape and the ongoing energy transition.”

Hamed succeeds Bakheet al Katheeri, who was recently appointed to an executive leadership position in the newly formed UAE Investments platform of Mubadala.

In this new role Katheeri will be responsible for overseeing the strategic development of a diverse portfolio of industrial UAE-based assets, including Mubadala Petroleum.