The Luxembourg-based fund management company Creon Capital is pleased to announce the appointment of Adib Kilzie as its new Chief Executive Officer (CEO), effective November 1st. Adib will be responsible for managing the fund’s global investment activities in oil and gas midstream, downstream and energy-related industries. Previously serving as the Vice President for Professional Services of Saudi Business Machines (SBM), the Riyadh-based representative of IBM, Mr. Kilzie comes with a unique skillset and a solid track record in highprofile transformational implementations and rewarding B2B business development.
Creon Capital chairman Dr. Fares Kilzie expressed his pleasure with the appointment of the new team member: “Adib belongs to a distinguished segment of proficient business leaders in the middle east region. He is an excellent communicator and a strong negotiator; constantly scanning the market for new trends, innovative solutions and value-add project opportunities. I have no doubt, that his appointment will boost the fund and its development towards a globally leading investment structure for competitive and innovative projects in the oil and gas midstream, downstream and energy sectors.
Adib Kilzie brings to this role more than 18 years of global consulting experience in banking, insurance, telecom and the public sector. He has continuously proven his ability to create business value through complex business transformation projects in Canada and the GCC region.
Prior to joining Creon Capital, Adib was responsible for managing the Professional Services organization of SBM (IBM GMSR); leading a team of 400 consultants through landmark business transformation projects at Mobily Telecom, the Royal Saudi Air Force, the Public Pension Agency, Inma Bank, Riyad Bank and many more.
During this tenure, he took the initiative of restructuring the Professional Services organization through off-shoring and solution prototyping, which resulted in the reduction of project operational costs by more than 18%. In his 14 years working for Saudi IBM, Adib accumulated substantial experience and business acumen and quickly rose through its ranks; from a Principal Consultant, to Country Practice Manager, to Practices Director and eventually serving as a Vice President for a number of years.
Along with his experience in sales, marketing and business development, Adib was also well networked in the Middle East and was active in regional events. He also contributed to partner advisory boards and actively promoted professional and academic frameworks in information technology. The Canadian citizen with business degrees from Toronto and Leicester (UK) also used to work for the Bank of Montreal and the Royal Bank of Canada, before he left the country to pursue a career in consulting abroad.
While gratefully closing a successful chapter of his professional career, Adib Kilzie is looking forward to new challenges: “I absolutely believe in the Creon Energy Fund as a unique and a strongly regulated investment vehicle. It helps investors realize value-add and sustainable projects in a globally growing oil and gas downstream and energy sectors”, Kilzie points out. “I already assessed a huge demand for smarter energy supply systems, a need to establish sophisticated supply chains in petrochemicals worldwide, not to forget the trend towards liquefied natural gas as a fuel for a greener transport sector. This provides exceptional investment opportunities for the Creon Energy Fund as a finance vehicle specialized in these industries. Such opportunities are made more viable as we witness a growing hesitation from some European banks to finance such ventures.
Looking at the industry from an IT perspective, the Creon Energy fund is well-positioned to make investments in innovative and promising technologies that will revolutionize production and operational capabilities of Oil and gas downstream company. Blockchain, IOT and Big Data solutions provide significant improvement to this market segment and we’ve already identified great investment opportunities in those technologies.”
For further information please contact:
Assistant to the board members
phone: +352 26 49 79 2203
Picture of Adib Kilzie: