Cape announces new CEO

Energy support services firm Cape has announced its a Chief Executive will join the firm at the end of June.

Joe Oatley will become Group Chief Executive and comes from Hamworthy, a global engineering business serving the oil and gas industry.

Prior to leading Hamworthy, Oatley worked predominantly in the engineering sector in a variety of roles including managing director, in strategy development and acquisitions.

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He replaces Martin May at Cape, who quit in March 'to pursue a new challenge'.

Interim CEO Brendan Connolly will step down and be reappointed as a member of the Audit, Remuneration and Nomination Committees, the firm said.

"I am delighted to welcome Joe to Cape and believe his background in the sector and track record with Hamworthy make him the perfect appointment to take Cape into the next stage of its development," Chairman Tim Eggar.