Fisher (James) & Sons plc Appointment of Chief Executive Officer (2198P)

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RNS Number : 2198P

Fisher (James) & Sons plc

17 June 2022

James Fisher and Sons plc

Appointment of Chief Executive Officer

James Fisher and Sons plc (FSJ.L) or ("the Group", "James Fisher" or the "Company"), the UK's leading marine services company, announces that Jean Vernet has been appointed Chief Executive Officer ("CEO"). He will take up this position on 5 September 2022 at which point Eoghan O'Lionaird will step down from his position on the Board and his role as Chief Executive Officer. Eoghan will however remain employed by the Group until 13 June 2023, to ensure a smooth and effective transition of responsibility.

Jean has considerable experience working in the offshore energy sector in both the UK and around the world. Most recently, Jean was Chief Executive Officer of Smiths Group's largest division, John Crane, where he drove a highly effective growth strategy in a business that operates in over 50 countries. He has an engineering degree and spent a decade in various financial and market facing roles with energy services business, Schlumberger. His experience also includes five years as Chief Financial Officer of Expro, the offshore energy services provider, during which he played a key role in its successful turnaround.

Angus Cockburn, Chair said:

"I am delighted to welcome Jean to James Fisher. He is an internationally experienced business leader with extensive energy sector knowledge. He is ideally suited to turning the business around and leading it through the current challenging backdrop and then to position the Group to capture the medium to long term growth opportunities available."

Contacts:

   FTI Consulting                    Richard Mountain                            07909 684466

This announcement is made pursuant to the Company's obligations under Listing Rule 9.6.11(1)R.

There is no further information to be disclosed under Listing Rule 9.6.13R.

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).

Notes

Jean Vernet Career Summary

2017 - 2022: Smiths Group plc

Chief Executive Officer, John Crane

2012 - 2017: Expro International Group Ltd

Chief Financial Officer

2010 - 2011: Grid Net Inc

Chief Financial Officer

2008 - 2010: FormFactor Inc

Chief Financial Officer

2007 - 2008: Rio Tinto Group

Director of Risk, Alcan

1997 - 2007: Schlumberger Ltd

   --    2004 - 2007 Finance Director, Wireline and Corporate R&D 
   --    2003 - 2004 Treasurer, Atlantic Asia 
   --    1999 - 2002 Market Risk Manager, Treasury Centre 
   --    1998 - 1999 Controller, Oilfield Services 
   --    1997 - 1998 Financial Director, North America, Dowell 
   --    1997 Financial Director, Western US, Dowell

1995 - 1996: Dun & Bradstreet Holdings Inc

Financial Management Associate

1993 - 1994: Yaskawa Electric Inc

Assistant GM, Production

1987 - 1992: KK Seric Consulting

Various sales and consulting roles, Japan

1986: Elf Aquitaine, Japan

Civil Servant

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