Ashtead Technology has appointed Ingrid Stewart as CFO and selected five managers for newly created roles across its international team, the company said on Jan. 5.
The appointments underline the integrated subsea technology and services company’s strategic growth plans to cement its leading position in the global offshore energy market and build on its recent success in new and emerging markets, including in offshore wind and decommissioning.
Ingrid Stewart assumed the new CFO position this week, bringing 23 years of corporate finance experience to the Aberdeenshire-headquartered business which employs 170 people around the world.
Stewart spent eight years with EnerMech Group as corporate development director where she managed the completion and integration of multiple acquisitions for the firm, as well as developing and executing long-term strategies. Prior to this, she was a member of the senior U.K. management team at Simmons & Company International, becoming the investment bank’s first ever female corporate finance director in 2009.
A specialist in subsea construction, IMR and decommissioning services, Ashtead Technology has acquired five businesses since 2017 and, as a result, boasts one of the largest equipment fleets in the industry and a depth of associated services capability.
In her new role, Stewart will work with the senior team to position the company for further growth and further leverage existing capability.
The new Aberdeenshire-based managerial hires across Ashtead Technology include Lili Hughes as group QHSE manager, Stephen Booth as decommissioning business development manager and asset integrity project manager Michael Gibson. In addition, Mark Vela has joined as U.S. operations manager in Houston, and Dan Davies has taken up his new role as NDT market manager within the company’s inspection solutions team in Bedfordshire, England.
“Ingrid’s substantial corporate finance and energy industry experience will make a significant contribution to our growth ambition as we further integrate and invest in our global operations to support the increase in business in offshore wind, decommissioning, and oil and gas,” Allan Pirie, CEO of Ashtead Technology, said.
“Bolstering our management team in the U.K. and the U.S .will ensure we are well-equipped to support our clients as we navigate the current challenges and capitalize on the opportunities presented by the energy transition and the blue economy,” Pirie added.
Recommended Reading
Behind the Scenes of US Natural Gas Site from EQT, LNG Allies
2022-06-14 - The LNG Allies and EQT Corp. hosted a tour to give global energy trade officials a close-up look at how U.S. LNG is tackling emissions and producing some of the cleanest product in the world. Hart Energy went along for the ride.
Why Putin Brought a Gas Pipeline to a Knife Fight
2022-07-27 - Squeezing the European natural gas supply with winter approaching is a tactic in Russia’s war with Ukraine, but the global consequences could mean a resurgence of coal.
What’s Affecting Oil Prices This Week? (June 20, 2022)
2022-06-20 - While the oil prices declined last week, the price movement remains on the upward trend that started in December of last year. However, will the trend hold? Stratas Advisors explores in its latest oil price forecast.
Netherlands Activates Energy Crisis Plan, Removes Cap on Coal Plants
2022-06-21 - The country had capped production at 35% of capacity at its coal-fired plants to limit CO2 emissions.
US Natgas Futures Drop to 11-week Low on Surprise Storage Build
2022-06-23 - In what has already been a volatile year of trade, the June 23 price drop was only the biggest one-day decline since mid-June. So far in 2022, U.S. natural gas futures have lost over 10% in five sessions.