BRISTOW Group has appointed a new chief financial officer.<\/p>\n
It comes after a merger with rival Era and re-emerging from Chapter 11 bankruptcy.<\/p>\n
Interim chief financial officer\u00a0Jennifer Whalen has now taken up the role on a permanent basis at the helicopter operator.<\/p>\n
Ms Whalen previously served as the senior vice president, chief financial officer for\u00a0Era Group from February 2018 to June 2020, when it combined with Bristow.<\/p>\n
Chris Bradshaw, Bristow chief executive officer, said: \u201cJennifer brings a wealth of knowledge about our business as well as existing relationships that will help the newly combined company enhance internal controls, processes and operations.<\/p>\n
\u201cI believe Jennifer is the best person for the job, as we navigate and mitigate the effects of the downturn in the offshore oil and gas industry and emerge with a more efficient cost structure.\u201d<\/p>\n
Ms Whalen joined Era in 2012 and previously held numerous other accounting roles. She began her career after serving in the US military.<\/p>\n
She said: \u201cI am excited for the opportunity to continue to partner with my colleagues as we execute our strategy around efficiency and cash flow generation.\u201d<\/p>\n
Her appointment comes as Bristow has approved a $75million share repurchase programme, expected to be funded using cash on hand and that from its operations.<\/p>\n
The firm said it does not require Bristow to take on a certain number of shares and may be terminated at any time.<\/p>\n
In November Bristow re-emerged from\u00a0Chapter 11 bankruptcy with a restructuring plan to inject \u00a3400m into the company.<\/p>\n
That was followed by completion of the Era merger in June.<\/p>\n
In the UK, Bristow employs around 900 people.<\/p>\n
<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
BRISTOW Group has appointed a new chief financial officer. It comes after a merger with rival Era and re-emerging from Chapter 11 bankruptcy. Interim chief financial officer\u00a0Jennifer Whalen has now taken up the role on a permanent basis at the helicopter operator. Ms Whalen previously served as the senior vice president, chief financial officer for\u00a0Era […]<\/p>\n","protected":false},"author":4002,"featured_media":2506118,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[],"yoast_head":"\n