Lamprell elects new chairman
- Business & Finance
Offshore rig builder Lamprell has appointed a new non-executive chairman of the company with effect from September 20, 2017.
Lamprell said on Monday that John Malcolm would be taking the role of non-executive chairman following the planned retirement of John Kennedy from the board.
John Malcolm has been an independent non-executive director since May 27, 2013, and Lamprell decided that his industry experience and knowledge of the company made him an excellent candidate for the chairman role from existing board members.
John Kennedy will continue as a non-executive chairman and director until he retires on September 20, 2017.
The company added that the composition of each of the board committees was amended as a result of the appointment. Namely, Debra Valentine was appointed as the chair of the Remuneration & Development Committee while Mel Fitzgerald was appointed as the chair of the Nominations & Governance Committee.
John Kennedy, chairman of Lamprell, said: “On behalf of the board, I would like to welcome John Malcolm as the new Lamprell chairman. John takes over the role at an important time for the company as it navigates through the continuing industry downturn. We are pleased to have someone with the right skills, industry knowledge and deep understanding of the company from within the board to assume the crucial role of chairman.”
The soon-to-be chairman of Lamprell, Malcolm, added: “I would also like to personally thank John Kennedy for his leadership of the company over the past five years. I look to continue his efforts to implement the company’s strategic vision and to build on our participation in the transformational Maritime Complex in Saudi Arabia. Despite the current challenging market environment, I am confident that Lamprell has the potential and is well-positioned to deliver sustainable growth in the long term.”