UK: TAG Energy Solutions Names New Chairman

TAG Energy Solutions has announced experienced engineering professional Mike Foster as its new Chairman.

He was, until 2011, Chief Executive Officer of FTSE 250 company, Charter International plc where he had been on the board since 2000, initially as a Non-Executive Director, before becoming CEO in 2006.

Mike has been the Chairman of listed companies in India and South Africa, and is now active in a range of Non-Executive roles and industrial early stage companies.

A University of Cambridge graduate in Engineering and Electrical Sciences, a Solicitor and a Fellow of the Association of Corporate Treasurers, Mike has an extensive background in engineering management.

After graduating he qualified as a lawyer and worked for GKN plc in law and corporate finance before moving to Trafalgar House and Kvaerner where he was responsible for the Kvaerner Engineering and Construction Division.

During his tenure as an executive with Charter International plc, the company’s turnover trebled and the profitability increased more than 500% in the period up to 2008.

Alex Dawson, Chief Executive of TAG Energy Solutions, said: “Mike brings a wealth of operational and board-level experience, which will be a huge asset to TAG Energy Solutions. Working with our board and the management team, Mike will support our ambitions to become a preferred supplier to the offshore renewables and oil & gas sectors.”

Mike Foster said: “I am very pleased to become Chairman of TAG Energy Solutions. Alex and his team have established innovative engineering and manufacturing systems that are attractive to the energy industry and I am looking forward to being part of the future of the business.

 “In particular, the offshore renewables sector has the potential to be very successful for companies such as TAG, which offer effective supply chain solutions. As activities in the sector gain momentum the opportunities for UK suppliers should grow considerably creating a positive future for our industry.”

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Press release, January 21, 2013; Image: tagenergysolutions