REG - Gulf Marine Services - Appointment of Chief Financial Officer

Gulf Marine ServicesAnnouncement

07/02/2022 07:00

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RNS Number : 8612A  Gulf Marine Services PLC  07 February 2022

 7 February 2022

 

 

Gulf Marine Services PLC

 

('Gulf Marine Services', 'GMS', the 'Company' or the 'Group')

 

APPOINTMENT OF CHIEF FINANCIAL OFFICER

GMS is pleased to announce the appointment of Alex Aclimandos as the Company's
new Chief Financial Officer with immediate effect. Alex brings with him a
wealth of progressive international financial management experience gained in
over 27 years with first-tier companies viz. Proctor & Gamble, ABB and
Alvarez and Marsal.  In his recent role, Alex was the Chief Financial Officer
at Qatari Investors Group, a publicly listed company. He holds an MBA and is a
US Certified Management Accountant.

Andy Robertson who has most recently served in that role will remain available
to assist with an orderly handover of his duties and responsibilities after
which he will be leaving GMS after almost 14 years of service with the
Company.

Mansour Al Alami, GMS Executive Chairman, commented:

"I would like to welcome Alex to GMS. He brings with him a wealth of relevant
experience and joins us at an exciting time as we continue with the Company's
development.

"I also wish to thank Andy for his extensive contribution to GMS over the
years, having served as CFO through the update to the Company's banking
arrangements and its equity raise last year. We wish him well for the future."

 

Enquiries:

 Gulf Marine Services PLC       Tel: +44 (0)20 7603 1515

 Mansour Al Alami

 Executive Chairman
 Celicourt Communications       Tel: +44 (0) 20 8434 2754

 Mark Antelme / Philip Dennis

 

Notes to Editors:

Gulf Marine Services PLC, a company listed on the London Stock Exchange, was
founded in Abu Dhabi in 1977 and has become a world leading provider of
advanced self-propelled self-elevating support vessels (SESVs).  The fleet
serves the oil, gas and renewable energy industries from its offices in the
United Arab Emirates, Saudi Arabia and Qatar.  The Group's assets are
capable of serving clients' requirements across the globe, including those in
the Middle East, South East Asia, West Africa, North America, the Gulf of
Mexico and Europe.

 

The GMS fleet of 13 SESVs is amongst the youngest in the industry, with an
average age of eight years. The vessels support GMS's clients in a broad range
of offshore oil and gas platform refurbishment and maintenance activities,
well intervention work and offshore wind turbine maintenance work (which are
opex-led activities), as well as offshore oil and gas platform installation
and decommissioning and offshore wind turbine installation (which are
capex-led activities).

 

The SESVs are categorised by size - K-Class (Small), S-Class (Mid) and E-Class
(Large) - with these capable of operating in water depths of 45m to 80m
depending on leg length.  The vessels are four-legged and are self-propelled,
which means they do not require tugs or similar support vessels for moves
between locations in the field; this makes them significantly more
cost-effective and time-efficient than conventional offshore support vessels
without self-propulsion. They have a large deck space, crane capacity and
accommodation facilities (for up to 300 people) that can be adapted to the
requirements of the Group's clients.

 

Gulf Marine Services PLC's Legal Entity Identifier is 213800IGS2QE89SAJF77

www.gmsplc.com (http://www.gmsplc.com)

Disclaimer

The content of the Gulf Marine Services PLC website should not be considered
to form a part of or be incorporated into this announcement.

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