UAE: Lamprell Gets New CEO

Lamprell Names New CEO O

Lamprell, a leading provider of diversified engineering and contracting services to the onshore and offshore oil & gas and renewable energy industries, announces that, further to its announcement of 3 December 2012, James Moffat has now taken up his role as Chief Executive Officer (CEO) for the Group.

Peter Whitbread, who has been acting in the role of Interim CEO since October 2012, will continue to sit on the Board of Lamprell. Mr Whitbread will also be supporting Mr Moffat in an executive capacity, to ensure a smooth transition to the new management.

John Kennedy, Chairman, Lamprell, commented: “I would like to welcome Mr Moffat into the Group and I look forward to working closely with him as we re-position the Company for renewed growth and profitability. We have made significant progress over the last six months, focusing on our core strengths, and we are keen to continue the great work undertaken by Mr Whitbread since his appointment. I would also like to take the opportunity to thank Mr Whitbread for his efforts and I am pleased that he has agreed to stay on and help with the process for rebuilding the business.

Lamprell, March 4, 2013