THE Tekmar Group, based in Montrose, has revealed its selection of a new chief executive to spearhead its forthcoming expansion initiatives.
This AIM-traded entity, which offers products and services for the worldwide offshore energy industry, has officially announced Richard Turner as its new CEO.
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Mr. Turner, who previously led Geoquip Marine, is set to join Tekmar Group in September. An experienced CEO in the offshore energy sector, Tekmar said Mr Turner “has a strong track record of driving profitable growth” having held previous senior roles in BEL Valves and JDR Cable Systems.
He will succeed Alasdair MacDonald as CEO, with Mr. MacDonald transitioning to an executive director position for six months before assuming the role of a non-executive director at Tekmar.
Mr. MacDonald stated:
“Tekmar has made significant progress in recent years and is well positioned for the future as a stronger, more commercially robust and balanced business with a platform for sustained growth.
“I am confident that Tekmar will continue to go from strength to strength and look forward to supporting Richard and the board to deliver for shareholders on the very significant opportunities ahead.”
Mr Turner added: “I am delighted to be joining Tekmar at this pivotal period in its journey. The scale of the opportunity we have ahead in offshore energy markets and the ambition of the board to deliver on this makes this a highly compelling leadership role.”
David Wilkinson, senior independent director of Tekmar Group said: “The changes announced today give investors clarity on the leadership team that will drive the next stage of growth for Tekmar and represents the successful conclusion of a multi-year strategy by the board to stabilise Tekmar and position the group for sustained success.”
