Smart Water Magazine
Connecting Waterpeople

ACWA Power appoints Marco Arcelli as CEO and Raad Al Saady as Managing Director

  • ACWA Power appoints Marco Arcelli as CEO and Raad Al Saady as Managing Director
  • Marco Arcelli, joins as CEO to steer regional and global expansion.

  • Raad Al Saady, joins as Vice Chairman and Managing Director.

  • Paddy Padmanathan continues to serve on the Board of ACWA Power.

About the entity

ACWA Power
We are a developer, investor and operator of power generation and desalinated water plants with 49 assets in operation, construction or advance development. We employ over 3,500 people across 11 countries.

ACWA Power, a leading Saudi developer, investor, and operator of power generation, water desalination and green hydrogen plants worldwide, today announced the appointment of Marco Arcelli as Chief Executive Officer. Raad Al Saady also recently joined the organisation’s senior leadership team in February 2023, in a newly created position as Managing Director in addition to the role of Vice Chairman. The changes are a part of the company’s strategy to be well equipped to achieve its ambitious growth goals across the markets it operates.

Marco Arcelli, a seasoned C-level executive with over 25 years of international experience in energy and infrastructure, brings a wealth of expertise in growth of multinational companies and digital innovation. In his previous positions, he played a crucial role in the strategic positioning and growth of Enel Trade, Enel's North American operations, and EP New Energy as Chief Executive Officer and Chairman.

Arcelli's role as CEO of ACWA Power will involve providing strategic and operational leadership, overseeing global expansion efforts, and leveraging his expertise in digital innovation to optimise operations and drive growth

Paddy Padmanathan, Arcelli’s predecessor, who steered the company’s strategic growth and expansion as President and CEO for over a decade and a half, steps out of his current role, however, he will remain active as a member of ACWA Power’s board.

Raad Al-Saady, who has recently joined as Vice Chairman and Managing Director will focus on directing business growth and development, providing guidance on organisational strategy and human capital, managing stakeholder relationships, and driving various strategic initiatives.

A strategic management veteran, Raad has over 20 years of experience in the financial services and automotives industry. He has held several key leadership roles across Abdul Lateef Jameel’s business sectors including Vice President of Mobility.

Mohammad Abunayyan, ACWA Power Chairman, said: "Following a successful 2022, ACWA Power is well positioned to drive business expansion, both regionally and globally. As part of our growth strategy, we are expanding our management structure with top-tier talent from diverse backgrounds. We are proud to welcome Raad Al-Saady and Marco Arcelli, distinguished leaders with exceptional experience, to our 4000-strong family. Their contributions will enable us to further strengthen our stakeholder relationships and lead the way in our home market of Saudi Arabia and beyond. We are immensely grateful to Paddy Padmanathan for his tremendous contributions to the company since its inception, and we look forward to continuing to benefit from his insights and expertise as he continues as a board member."

“We are ready to lead the way in creating a cleaner, greener future, and are excited to take on this next phase of growth with unwavering confidence”. he concluded.

Subscribe to our newsletter

Topics of interest

The data provided will be treated by iAgua Conocimiento, SL for the purpose of sending emails with updated information and occasionally on products and / or services of interest. For this we need you to check the following box to grant your consent. Remember that at any time you can exercise your rights of access, rectification and elimination of this data. You can consult all the additional and detailed information about Data Protection.

Featured news