Siemens has announced that Adil Toubia has been appoointed as CEO of the German firm’s Oil & Gas Division.
Toubia succeeds Tom Blades, who has been appointed as a member of the managing board of Linde.
Toubia brings Siemens 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. Before 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 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 EUR4.7 billion and posted a profit of EUR467 million.
