Business
CEO Appointment & Board Changes
CEO Appointment & Board Changes.
About this update from Tekmar Group Plc
[{"type":"text","content":"\n\n \nTEKMAR GROUP PLC\n(\"Tekmar Group\", \"Tekmar\", the \"Group\" or the \"Company\")\n \nCEO Appointment & Board Changes\n \nTekmar Group (AIM: TGP), a leading provider of technology and services for the global offshore energy markets, announces the following Board changes in line with its orderly succession planning to deliver the next phase of Tekmar's ambitious growth plan and execution of the Board's value creation strategy.\n \nRichard Turner will join the Group as Chief Executive Officer at the start of September 2024. Richard has considerable experience as a CEO in the offshore energy sector, including offshore wind, with a strong track record of driving profitable growth in these roles. Richard joins from Geoquip Marine, where he was CEO since October 2022. Geoquip Marine specialises in global offshore geotechnical site investigation and data acquisition in the offshore energy and renewables markets.\n \nDuring his time at Geoquip Marine, Richard developed and executed a clear strategy delivering significant revenue and profit growth in an accelerated period of twelve months, through business change and driving operational and commercial excellence.\n \nPrior to Geoquip, Richard was CEO of BEL Valves and President and CEO of JDR Cable Systems. Prior to joining JDR, Richard was Vice President of Global Manufacturing at Technip Umbilical Systems. Richard is also a Commissioner of the Port of Blyth.\n \nAlasdair MacDonald, current CEO of the Group, will transition to a role as Executive Director where he will support the CEO transition and value creation through both organic efforts and through Group M&A. It is anticipated that Alasdair will assume these responsibilities for six months effective from the start of September 2024, after which he will move to be a Non-Executive Director of the Group. Alasdair will remain as CEO until Richard's appointment.\n \nSteve Lockard, currently a Non-Executive Director of Tekmar Group plc and an operating partner of SCF Partners, assumes the role of Chair with immediate effect with Julian Brown returning to his previous role as Independent Non-Executive Director.\n \nDavid Wilkinson, Senior Independent Director of Tekmar Group said, \"The changes announced today give investors clarity on the leadership team that will drive the ne...