Tabreed reappoints Steve Ridlington as CFO

National Central Cooling Company (Tabreed), the Abu Dhabi-based district cooling company, has reappointed Steve Ridlington as Chief Financial Officer with effect from February 22.

He will succeed Adrian Kershaw, who will remain with the company until the end of March, the company said in a statement to Dubai Financial Market.

Ridlington, who served as Tabreed’s CFO from 2009 – 2011 to restructure the company, will make his return to the district cooling company after spending last four years in London as CFO for Buried Hill, a private upstream oil and gas exploration company. 

He has over 34 years of international industry experience, 17 of which were spent in various leadership positions within BP, one of the world’s top oil and gas companies.

Jasim Husain Thabet, Tabreed’s CEO, said: “I’m confident that Steve will make an immediate impact on our business, and will continue to drive our organization forward.”

Kershaw will remain with Tabreed for one month and work alongside Ridlington to ensure a smooth leadership transition.

Commenting on Kershaw’s departure, Thabet added: “During his five years at Tabreed, Adrian was a critical component of our growth story. He was instrumental in the recapitalisation programme, which set in place a stable capital structure and returned the company to sustainable profitability. Most recently, he successfully concluded the Dh2.6 billion refinancing of all our debt facilities, and has worked tirelessly to transform Tabreed into a leading utility infrastructure company.”

Tabreed currently has 69 district cooling plants across the GCC.
 

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