ACWA has announced the appointment of Dr. Samir J. Serhan as CEO effective 1 March 2026. The Board of Directors of the Saudi-listed company made this appointment as part of a planned and structured leadership transition and succession process overseen by the company’s Board Nomination and Remuneration Committee.
The Board and the former CEO Marco Arcelli agreed to implement the planned succession process to ensure continuity and stability. The company’s long-term direction remains unchanged, said a statement.
Since joining ACWA last year as President of Saudi Arabia and Middle East, Dr. Serhan has worked closely with the leadership team and is fully prepared to assume this new responsibility. Previously Dr. Serhan was COO of the US-based company Air Products where he had global responsibility for the company’s operational business and project execution with P&L accountability for the Americas, Asia, Europe, Africa, the Middle East, and India. He also led functions including technology, global engineering, manufacturing, and equipment at Air Products. Earlier in his career he was President, Hydrogen for Praxair.
For 14 years prior, he worked for the Linde Group in leadership positions in the US and Germany, culminating in his role as MD, Linde Engineering. Dr. Serhan brings more than 3 decades of global leadership experience across large-scale industrial and infrastructure organisations, with a strong track record in driving operational transformation, strengthening institutional capability, and delivering disciplined and profitable growth in complex, capital-intensive environments.
Mohammad Abunayyan, Founder and Chairman of the Board of Directors of ACWA said, “ACWA stands today as a Saudi national champion and a global leader in renewable energy, water desalination, and green hydrogen, and our position continues to strengthen. We are grateful for Marco’s leadership in advancing ACWA’s strategy and accelerating our growth trajectory. This structured leadership transition reflects the strength of our governance and the maturity of our business platform. Our strategic direction remains clear and unchanged. We are pleased to welcome Dr. Samir Serhan to his new role as CEO of ACWA.”
Dr. Serhan noted, “Everyday affords us new opportunities to help our customers and meet pressing energy and water needs around the world. I’m honored to lead ACWA at a pivotal moment as the company accelerates profitable global growth in renewable energy, water desalination, and green hydrogen solutions – including advancing green hydrogen to decarbonise heavy industries — to deliver scalable, sustainable impact worldwide. I look forward to working with our talented ACWA teams around the globe to build on the progress we have achieved and shape the next chapter of our journey.”
Marco Arcelli, the outgoing CEO of ACWA concluded, “Over the past 3 years, ACWA’s portfolio has doubled in size, and we are on track to double it again by 2030, scaling both our footprint and our impact. ACWA now produces around 25% of the world’s desalinated seawater. We have expanded into new markets, including Azerbaijan, China, Kuwait, and Senegal, while advancing energy export opportunities from Saudi Arabia, and cementing our leadership in green molecules. What we have achieved reflects the scale of our ambition, the discipline of our execution, the dedication of our people, and the trust of our partners.”
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