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.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
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.
-
FTSE 100 hits record highs – why is it rising and will we see more gains?Advice UK equities have been described as unloved for a long time but as the FTSE 100 hits new highs, we explain if now is the time to buy British.
-
How to invest in copperIt may be time to invest in copper as the red metal appears poised for a big jump. Dominic Frisby looks at what should investors should buy
