UAE: Lamprell Appoints New CEO

UAE: Lamprell Appoints New CEO

Lamprell, a leading provider of diversified engineering and contracting services to the onshore and offshore oil & gas and renewable energy industries, announces that James Moffat has been appointed as Chief Executive Officer effective March 1st, 2013.

Prior to his appointment, Mr Moffat was the executive director responsible for the high profile Gorgon LNG Project in Australia. He is a highly experienced engineer and has been involved in international construction, fabrication and project management for more than 35 years. He has spent the last 16 years working for KBR Group in a variety of senior management roles. In his recent role on Gorgon, Mr Moffat was responsible for a project that employs around 18,000 people and is one of the largest engineering projects in the world.

Before moving to KBR, Mr Moffat was with the McDermott group, operating primarily in Asia Pacific and the UK and working in a number of managerial roles over a period of nearly 20 years. Notably, he was in charge of all aspects of fabrication, project management and engineering activities for McDermott Indonesia. Further biographical information for Mr Moffat is set out below.

Mr Moffat will join Lamprell on 1st March 2013, until which time Peter Whitbread will continue to act in the role of Interim CEO. Given Mr Whitbread’s wealth of experience in the industry and long history with the Group, it is expected that, once Mr Moffat has joined the Group, Mr Whitbread will continue to sit on the Board of Lamprell.

John Kennedy, Chairman, Lamprell, commented: “I am absolutely delighted that we have someone of Mr Moffat’s expertise and calibre joining Lamprell.He is a vastly experienced leader with a proven record of accomplishment in the Engineering and Construction sector and specifically brings a deep understanding of managing world-class offshore engineering, fabrication and construction projects. The Board has been keen to secure the appointment ofa permanent CEO that can lead the business in a manner which maintains the strength of the Lamprell brand and franchise. Mr Moffat has spent his entire career in the industry and will bring the highest standards of leadership, engineering and project execution to our business.

“Upon the appointment of Mr Moffat, we will be moving as quickly as possible to fill other key positions in the management team, to give the CEO all necessary support. I would also like to take the opportunity to acknowledge the major efforts by Peter Whitbread and the management team, who are re-positioning the company for renewed growth and profitability. Their work will continue until Mr Moffat joins us in March.”

In accordance with the UK Listing Rules, the Company confirms that there are no further details that are required to be disclosed under paragraph LR 9.6.13 R of the UK Listing Rules in respect of James Moffat.

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Press release, December 3, 2012; Image: Lamprell

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