Gulf Marine Services PLC Directorate Change (7989Z)
May 26 2021 - 2:00AM
UK Regulatory
TIDMGMS
RNS Number : 7989Z
Gulf Marine Services PLC
26 May 2021
26 May 2021
Gulf Marine Services PLC
('Gulf Marine Services', 'GMS', 'the Company' or 'the
Group')
Appointment of Executive Chairman and a Non-Executive
Director
GMS, a leading provider of advanced self-propelled,
self-elevating support vessels serving the offshore oil, gas and
renewables industries, is pleased to announce that Mansour Al
Alami, Interim Executive Chairman, has been appointed Executive
Chairman. In addition, GMS is pleased to announce the further
strengthening of the Board, with the appointment of a Non-Executive
Director, Lord St John of Bletso. This appointment takes place with
immediate effect.
Anthony St John is a cross bench peer in the House of Lords. As
a practising lawyer by training, with his LLM in Maritime Law, he
worked for Shell (South Africa) and then as an oil analyst and in
specialist sales for several institutions in the City of London.
Through his subsequent career he has held a number of executive and
advisory roles in high growth companies.
Anthony is currently Non-Executive Chairman of Integrated
Diagnostics Holdings, and a Non-Executive Director of Yellow Cake
PLC and Smithson Investment Trust PLC. He is also a Trustee of a
number of charities, with a strong focus on education and wildlife
conservation, and was formerly a director of Albion Enterprise VCT
PLC.
The Board is in the process of recruiting an additional
independent Non-Executive Director and a further announcement will
be made once an appointment has been made.
There are no matters requiring disclosure under Rule 9.6.13R of
the Listing Rules.
Commenting, Mansour Al Alami, Executive Chairman of GMS,
said:
"GMS is very pleased that Anthony has agreed to join the Board
as a Non-Executive Director. He brings a wealth of highly relevant
experience, developed in energy, finance and other sectors. He is
also an extremely well-respected Board member, which brings with it
a high degree of oversight and integrity and will provide support
to the executive team. This is another important step in the
resetting of GMS, which is well placed to create value deploying
its fleet in support of the international offshore industry."
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 the United Kingdom. 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.gmsuae.com
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