Padmanathan was promoted to his current position in January 2022, having previously served as ACWA Power’s CEO and President since 2007. ACWA Power employs 3,900 people across 13 countries. Its assets was valued at more than $67.7 billion as of May 2022. The company started trading on the Saudi Exchange in October 2021, in the country’s first $1 billion IPO since Aramco. In December 2021, ACWA Power signed an agreement for $1.3 billion in senior debt for a multi-utilities project at Saudi’s Red Sea Development Project. Before joining ACWA Power, Padmanathan was vice president and corporate officer at construction company Black and Veatch.