NORTH-EAST subsea company, ROVOP, has announced a new multi-million-pound investment by its shareholders Blue Water Energy and BGF.
Alongside the investment, ROVOP has revealed a new senior management team.
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David Lamont is stepping down as CEO, with Neil Potter being appointed in the position.
Maurice McBride will join ROVOP as non-executive chairman and brings over 40 years’ experience in the oil & gas industry with more than 23 years of those in non-executive director roles.
Maurice said: “The investment from Blue Water Energy and BGF will allow us to focus on providing specialist services to our clients.
“I have worked with Neil extensively in the past and I can safely say we are in excellent hands.
Neil, who has held senior roles at Dominion Gas and TWMA, said: “I would like to thank David Lamont for all his hard work and everyone at ROVOP wishes him well for the future.
“We now have a restructured balance sheet that has the backing of our investors, banks and financial partners.
“The wide-reaching changes that we have announced will allow us to build on everything that has been achieved, and we will ensure we continue our dedicated, customer-focused approach to what we do – something that will be the driving force behind our future growth.”
Mike Sibson, of BGF said: “Having been an investor in ROVOP since 2015, we’re pleased to support them through the current, combined challenge of the global pandemic and the oil price volatility and ensure they are well-positioned to recover and grow.”
