Renewable energy developer Simec Atlantis Energy (SAE) has named Graham Reid to succeed long-serving CEO Tim Cornelius, who will continue as a senior adviser to the company.

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Reid, who was most recently CEO of RES Americas, and prior to that headed up infrastructure contractor Arcadis Middle East, is charged with expanding SAE, a pioneer in tidal power which is also converting Wales’ Uskmouth power station from coal to sustainable, waste-based fuel-fired.

“Graham is an experienced corporate leader with a proven track record of successful project management and delivery. His skills are very well suited to ensure the safe and timely delivery of our flagship projects which in turn will create value for our shareholders and stakeholders,” said SAE chairman John Neill.

Incoming Simec Atlantis Energy CEO Graham Reid Photo: SAE

“I would like to thank Tim for agreeing to remain as a senior advisor to the board of directors and mentor to the leadership team. We are pleased that we will continue to benefit from his domain knowledge, experience and relationships built up over many years and I would like to wish Tim every success in his future endeavours.”

Reid said: “SIMEC Atlantis is a recognised pioneer in the development and operation of renewable and sustainable energy projects and I very much look forward to playing my part in the successful delivery of the Uskmouth conversion project and the build out and commissioning of fuel production plants across the country.

“I am also relishing the opportunity to work with the Atlantis team to progress our exciting marine energy and hydro portfolios.”

Cornelius, who ran SAE from its beginning as Atlantis 15 years ago, said: “Atlantis has been a huge part of my life and I owe our investors, stakeholders, staff, current and former directors and the chairman a debt of gratitude I will never be able to fully repay.

“Now is the right time to introduce new skills into our leadership team to ensure that we have the right mix of experience in place to deliver on all of our flagship projects and Graham is highly credentialed and vastly experienced in project management and successful project delivery.”