Tabreed appoints deputy CEO
District cooling company gives current vice president of admin and finance job as deputy chief executive.
District cooling company Tabreed has appointed Karl Marietta as deputy CEO in addition to his current responsibilities as vice president, administration and finance. Marietta, who joined Tabreed as director of finance over nine years ago, has over 30 years experience in district energy and electric utility industries in the engineering, operations, management, marketing and finance departments.
"Ever since Tabreed's inception in 1998, Karl has played a significant role in solidifying the company's position as the world's largest district cooling pioneer," said Dany Safi, CEO. "An industry veteran, and one of the company's main pillars, Karl brings sound judgement to his new role and is well-equipped to provide strong leadership for our business.We are confident that Karl's constant pursuit of business excellence and commitment will help Tabreed exceed financial targets, generate stronger shareholder returns and lead the company into the next stage of growth."
Commenting on his new role, Marietta said: "In the last few years, the district cooling industry, both regional and international, has progressed at a phenomenal pace, and Tabreed, which is at the forefront of this development, has seen tremendous growth. I look forward to the new challenge and to further strengthen Tabreed's business model and ensure incremental returns for our shareholders."