REG - Fisher (James) - CEO Update

James Fisher And SonsAnnouncement

13/06/2022 07:00

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RNS Number : 5607O  Fisher (James) & Sons plc  13 June 2022

13 June 2022

 

James Fisher and Sons plc

CEO Update

James Fisher and Sons plc (FSJ.L) (the "Group"), the UK's leading marine
services company, announces that Eoghan O'Lionaird intends to step down as
Chief Executive Officer once a successor for his position has been appointed.
A search for Eoghan's replacement is in progress and Eoghan has agreed to stay
in post until a smooth transition of responsibility to his successor has been
effected.

Angus Cockburn, Chair, said:

"On behalf of the Board, I would like to thank Eoghan for his service and
considerable contribution to James Fisher. The Group has an experienced
management team which is tackling the challenges faced by the business and the
Board believes that a solid business will emerge to build on the opportunities
offered by the energy transition. The Board remains committed to its strategy
of driving recovery in revenue and profitability, exiting non-core businesses
and reducing debt during 2022."

Eoghan O'Lionaird, Chief Executive, said:

"It has been a privilege to serve as CEO of James Fisher and to help steer the
Company through what was one of the most challenging periods in our history. I
am proud of what we have achieved on setting course to become a purpose-led,
values driven company, committed to serving all our stakeholders, and I'm
confident that the Group's best days lie ahead."

This announcement contains inside information. The person responsible for
making this announcement on behalf of the Company is James Marsh (Group
General Counsel and Company Secretary).

 

For further information:

FTI
Consulting
Richard Mountain                           0203 727
1340

 

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