Specialist oil and gas & marine services firm OEM Group has welcomed Mike Macleod on board as its new finance director as part of the company’s growth strategy which aims to see its turnover increase by 25% to £3 million in the next 12 months.
With more than six years’ experience working at director level, Mr Macleod has joined the Aberdeen-headquartered firm following 10 years at Uniconn Group.
Mr Macleod, who has an Honours Degree in Law and Management from the Robert Gordon University, helped to grow the oilfield services company from a small rental company into a global organisation with four divisions and 30 personnel.
In addition to Mr Macleod’s appointment, OEM Group has also bolstered its team in the UK by taking on five engineers as well as employing Craig Stephen as UK sales manager. Mr Stephen has more than 10 years’ experience in his field, formerly working at Turners Engine Power Services.
OEM has also increased its office space in Aberdeen to accommodate its additional personnel and has further invested in tooling equipment and workshop equipment.
Mr Macleod, who will be resonsible for all areas of the company’s financials said: “This is an exciting time to be joining OEM Group. The company has already enjoyed significant growth during the past couple of years where many companies have struggled because of the downturn affecting the entire global industry.
“I’m looking forward to helping shape the growth of the business as it moves towards its strategic aspirations and further strengthen its position in the global marketplace. I’m also excited to be part of an energetic team which has a reputation for its strong work ethic and can-do culture.”
Formed in 2012, OEM Group is an international group of businesses offering a range of engine services, spare part procurement and fuel conditioning to safety-critical sectors, it comprises four divisions – OEM Engine Services, OEM Fuel Services, OEM Diesel Pty Ltd and OEM Middle East FZE – and employs personnel in offices in the UK, Australia and the United Arab Emirates.
OEM Group managing director Barry Park added: “We are in a very fortunate position to be able to attract and bring on board seven more talented individuals to strengthen the OEM team.
“Mike Macleod has a wealth of financial experience and knowledge and we are confident that with his expertise and enthusiasm for expanding the business further on an international scale, he will add significant value to the business.
“As we build on the momentum of being awarded several engine and fuel maintenance contracts in the past two quarters, our new UK sales manager and five engineers will also provide pivotal support to what is shaping up to be our most successful period in the company’s five-year history.”