McDermott names new vice president, Asia

  • Business & Finance

U.S. engineering and construction company McDermott has named a new vice president for Asia, effective January 8.

McDermott said on Friday that Ian Prescott would succeed Hugh Cuthbertson who announced plans to retire from the company. Prescott will also become a member of McDermott’s executive committee.

David Dickson, president and CEO of McDermott, said: “Ian has a wealth of experience and knowledge in the upstream sector that will help us to grow our business in Asia. He is a strategic, high performing leader that understands the challenges and opportunities and is committed to finding the best solutions for our customers. I thank Hugh for his nearly four decades of unrivaled service to McDermott in the oil and gas industry, and we are grateful for his leadership over the years.”

Before this appointment, Prescott served as a senior vice president and director of Asia Pacific for SNC-Lavalin. He also served as the managing director and general manager and later as the CEO of Global Process Systems. He also held board and key leadership positions with PAE Thailand and Aker Kvaerner.

Prescott has more than 28 years of extensive operational, marketing, and business unit responsibilities for production and processing solutions in the upstream oil and gas sector, including engineering and fabrication.

He holds a Master of Business Administration from the Bond University in Australia and a bachelor’s degree in Instrumentation Control Engineering from the University of Teesside in the United Kingdom.

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