20 March
2024
Ashtead Technology
Holdings plc
("Ashtead Technology"
or the "Group")
Appointment of
Non-Executive Director
Ashtead Technology
Holdings plc (AIM: AT.), a leading subsea equipment rental and
solutions provider for the global offshore energy sector, is
pleased to announce the appointment of Jean Cahuzac as a
Non-Executive Director of the Group effective
immediately.
Jean Cahuzac has held
senior executive roles in the subsea services sector spanning a
period of 40 years. He was appointed Chief Executive Officer of
Acergy S.A. in 2008 and in 2011, post-merger, became the Chief
Executive Officer of Subsea 7 S.A., a position he held until his
retirement in December 2019. Previously, Jean held senior executive
roles in Transocean and Schlumberger Sedco Forex.
Since retiring from
Subsea 7 as the CEO he has remained very active in the sector and
in addition to remaining on the board of Subsea 7 as a
non-executive director, he also holds non-executive board positions
in Bourbon and Seadrill. In addition, Jean
currently serves as Chair of Evolen, a French association
supporting companies and professionals across all aspects of the
energy sector on the evolving sector backdrop and the energy
transition.
In addition to joining
the Board, Jean will also join the Audit, Remuneration and
Nomination Committees.
Jean Cahuzac
said:
"I am very pleased to
join the Board of Ashtead Technology; the Company has been on an
exciting growth journey over the last few years and has positioned
itself well to support the changing offshore energy landscape.
I look forward to working with the Board as it continues to
progress its strategic goals."
Bill Shannon,
Chairman, said:
"I am genuinely
delighted that Jean has decided to join the Ashtead Technology
board as a Non-Executive Director. Both the length and depth of his
experience in the energy services sector are outstanding, and I
have no doubt he will bring valuable insight and perspective to
Board discussions and decision-making as we continue to grow our
business."
For further
information, please contact:
|
Ashtead
Technology
Allan Pirie, Chief
Executive Officer
Ingrid Stewart, Chief
Financial Officer
|
(via Vigo
Consulting)
|
|
Vigo Consulting
(financial PR)
Patrick
d'Ancona
Finlay
Thomson
Verity Snow
|
Tel: +44 (0)20 7390
0230
ashteadtechnology@vigoconsulting.com
|
|
Numis Securities
Limited (Nomad and Broker)
Julian
Cater
George
Price
Kevin Cruickshank
(QE)
|
Tel: +44 (0)20 7260
1000
|
In accordance with
Schedule 2 (g) of the AIM Rules for Companies, Jean Paul Cahuzac
(aged 70 years) holds/has held the following
directorships/partnerships in the last five years:
|
Current
directorships/partnerships
|
Previous
directorships/partnerships (last five years)
|
|
Bourbon Maritime
SAS
(Société Phocéenne de
Participation)
Evolen
Seadrill
Limited
Subsea 7
S.A.
|
None
|
Jean Cahuzac currently
holds no ordinary shares in the Company.
There are no further
disclosures to made be under Schedule 2(g) of the AIM Rules for
Companies.
Notes to
editors:
Ashtead Technology is
a leading subsea equipment rental and solutions provider for the
global offshore energy sector. Ashtead Technology's
specialist equipment, advanced-technologies and support services
enable its customers to understand the subsea environment and
manage offshore energy production infrastructure.
The Company's service
offering is applicable across the lifecycle of offshore wind farms
and offshore oil and gas infrastructure.
In the fast-growing
offshore wind sector, Ashtead Technology's specialist equipment and
services are essential through the project development,
construction and installation phase. Once wind farms are
operational, Ashtead Technology supports customers with inspection,
maintenance and repair ("IMR") equipment and services. In the
more mature oil and gas sector, Ashtead Technology's focus is on
IMR and decommissioning.
Headquartered in the
UK, the Company operates globally, servicing customers from its
eleven facilities located in key offshore energy hubs.