James Moffat Takes Over as CEO of Lamprell

UAE-based rigbuilder Lamprell (ticker: LAM), announced today that James Moffat has now taken up his role as Chief Executive Officer (CEO) for the Group.

Peter Whitbread, who has been acting in the role of Interim CEO since October 2012, will continue to sit on the Board of Lamprell.  Mr Whitbread will also be supporting Mr Moffat in an executive capacity, to ensure a smooth transition to the new management.

John Kennedy, Chairman, Lamprell, commented:

“I would like to welcome Mr Moffat into the Group and I look forward to working closely with him as we re-position the Company for renewed growth and profitability.  We have made significant progress over the last six months, focusing on our core strengths, and we are keen to continue the great work undertaken by Mr Whitbread since his appointment. I would also like to take the opportunity to thank Mr Whitbread for his efforts and I am pleased that he has agreed to stay on and help with the process for rebuilding the business.”

Prior to his appointment as CEO, Moffat was the executive director responsible for the Gorgon LNG Project in Australia. He is a highly experienced engineer and has been involved in international construction, fabrication and project management for more than 35 years.  He has spent the last 16 years working for KBR Group in a variety of senior management roles.   In his recent role on Gorgon, Mr Moffat was responsible for a project that employs around 18,000 people and is one of the largest engineering projects in the world.

Before moving to KBR, Mr Moffat was with the McDermott group, operating primarily in Asia Pacific and the UK and working in a number of managerial roles over a period of nearly 20 years.  Notably, he was in charge of all aspects of fabrication, project management and engineering activities for McDermott Indonesia.

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