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
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.
King Charles banknotes to enter circulation in June
New banknotes featuring the King will enter circulation on 5 June – here’s what they will look like and what you need to know about your old notes.
By Katie Williams Published
Metro Bank to slash 5.22% savings rate for current customers- what’s the next best alternative?
Metro Bank is set to cut the rate on its best buy instant access saver for existing customers. Is there an alternative on the market and should you switch now?
By Vaishali Varu Published