Lamprell extends contract with chairman and ceo while cutting 100 staff

Lamprell extends contract with chairman and ceo while cutting 100 staff

UAE-based offshore engineering firm Lamprell has announced that John Kennedy and James Moffat have agreed to extend their respective roles as executive chairman and chief executive officer while the search process to find a new ceo continues.

They will remain in their roles until December 31, 2016 or until the appointment of a new ceo. Lamprell said the extensions ensure management stability during a challenging period for the industry.

In addition, Lamprell has taken immediate steps to reduce its management, professional and administrative headcount by around 100 people or a total of 8% of all overhead staff as part of its cost saving measures.

“The board has been assessing potential candidates for the role of ceo to replace James Moffat following his retirement later this year. The ceo search process remains a key priority for the Board and we are determined to find the right candidate. In the current operating environment, the board and executive management will provide leadership continuity. Accordingly, I am delighted that Mr. Moffat has agreed to defer his retirement which will allow us to continue to benefit from his extensive experience and depth of knowledge of the industry during these challenging times,” said John Kennedy, executive chairman for Lamprell.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

Related Posts