Prime Highlights
- ACWA Power appoints Dr Samir J. Serhan as CEO to lead the company’s next phase of global expansion in renewable energy, green hydrogen and water desalination.
- Leadership transition ensures continuity, with former CEO Marco Arcelli moving into an advisory role as the company strengthens its international growth and sustainability strategy.
Key Facts
- ACWA Power is a leading Saudi developer, investor and operator of power generation, renewable energy and water desalination projects across multiple international markets.
- Dr Samir J. Serhan assumed the role of CEO on March 1, 2026, after previously serving as President for Saudi Arabia and the Middle East and holding senior leadership roles at Air Products.
Background
ACWA Power appointed Dr Samir J. Serhan as its new CEO, marking a major leadership change for the company as it expands its global operations in water infrastructure and renewable energy development. The former CEO, Marco Arcelli, will now take on an advisory role to sustain the operational system of the organization for the present time. The nomination, which takes effect on March 1, 2026, is the result of a systematic succession process that was accepted by the board.
Dr Serhan previously served as President for Saudi Arabia and the Middle East at ACWA Power, where he played a central role in strengthening the company’s regional operations. He possesses more than 30 years of experience working in industrial and infrastructure fields, which provide him with worldwide leadership skills. Before he joined ACWA, he worked at Air Products, where he held executive positions, including Chief Operating Officer.
ACWA Power is currently undergoing a leadership transition at a critical time because the company is expanding its operations in renewable energy, green hydrogen and water desalination projects. Arcelli expanded the company’s worldwide operations because he established operations in new markets and developing a larger project portfolio. As he will maintain operational stability in the advisory role, Dr Serhan will take control of the organization’s next growth phase.
Dr Serhan expressed sincere gratitude for the confidence placed in him. He vowed to advance ACWA Power’s strategic plans with purpose, underscoring that the company’s standing as a global partner in the energy transition cannot be maintained on reputation alone.
The leadership transition at ACWA Power shows the company will continue its operations while also developing new capabilities to expand its business in both new and existing markets.
