Offshore specialist GMS on the lookout for CFO

UAE-based Gulf Marine Services (GMS), a provider of self-propelled self-elevating support vessels (SESVs) serving the offshore energy industry will have to find a new Chief Financial Officer.

Namely, GMS had in February said that Stuart Jackson would take over the CFO position in “early summer 2019.” However, the company on Thursday said that Jackson wouldn’t be joining GMS after all.

“The Board of Gulf Marine Services plc (LSE: GMS) has been advised by Mr. Stuart Jackson that he is no longer able to join GMS for family health reasons,“ GMS said.

“The Board has immediately re-started the search process led by Spencer Stuart and will inform shareholders of progress as soon as practicable. John Brown, currently CFO, remains in post until 28 May, before which a further announcement will be made,” GMS said.

Jackson, who was expected to join GMS in July,  had led the capital restructuring of several businesses including Bibby Offshore, CEONA, and Acergy – now Subsea 7.

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