RIYADH: NEOM Green Hydrogen Co. witnessed a leadership change with Wesam Al-Ghamdi succeeding David Edmondson as CEO.
Under Edmondson’s guidance, NGHC reached full financial closure on its green hydrogen plant in May 2023, which is is currently being built at Oxagon.
This planned transition sees Edmondson returning to his roots at Air Products by year-end.
“With full financial close on the plant, we are a significant step closer to revolutionizing the global energy market through the production of green hydrogen at scale,” Chairman Nadhmi Al-Nasr said in a statement.
He added: “The focus of the next two years at NGHC will be to complete the construction of the giga-scale facility for the operational phase of the project.”
With an investment ticket of $8.4 billion, this project includes $6.1 billion from non-recourse financing sourced from 23 global banks and financial institutions.
“I would like to express my gratitude to David for his vision and commitment during the initial phase of the world’s largest green hydrogen plant. Additionally, I would like to welcome Wesam Al-Ghamdi, who will now lead the execution of the project to its completion,” Al-Nasr said.
According to the statement, Edmondson has consistently championed the development of human capital capabilities, ensuring that NGHC remains at the forefront of innovation and growth in the sector.
After joining with NGHC stakeholders such as ACWA Power, Air Products and NEOM, Edmondson was instrumental in laying the foundation for the company.
Since taking over the reins as CEO in July 2021, Edmondson has overseen key milestones, including project financing and the company’s primary establishment phase.
Wesam Al-Ghamdi, set to lead NGHC starting next month, storied a career spanning 25 years.
His expertise lies in engineering, operations and project management in companies such as Ma’aden, Sabic and Shell.
An alumnus of King Fahd University of Petroleum and Minerals, Al-Ghamdi has a strong track record of strategic performance, which is anticipated to steer NGHC’s onward journey.
