Tekmar Group Announces Directorate Change

Source: www.gulfoilandgas.com 8/12/2024, Location: Europe

Tekmar Group plc (AIM: TGP), a leading provider of technology and services for the global offshore energy markets, announces the appointment of two Non-Executive Directors, Lars Bondo Krogsgaard and David Kemp, effective 12 August 2024. In light of these appointments, Ian Ritchey steps down from the Tekmar Board with immediate effect and Julian Brown will step down on 30 September 2024.

Lars brings considerable wind industry experience and an extensive track record leading global organisations for over 20 years, including publicly listed companies. He has a wealth of experience across wind turbine manufacturing and supply chain activities, renewable energy project development and engineering and technology companies. Previously, Lars was the Onshore CEO at Siemens Gamesa Renewable Energy, a listed Spanish wind turbine manufacturer with c.€10.2 billion in revenues. Prior to his role with Siemens, Lars was the Co-CEO at MHI Vestas Offshore Wind, and member of the Management Board and CEO of Nordex, a listed German wind turbine manufacturer.

David is an accomplished and experienced FTSE 250 CFO with a strong track record leading diverse global teams. He has broad experience in strategy development and implementation, M&A, business performance, transformation and turnaround. Most recently, David was Group CFO at John Wood Group Plc ("Wood Group"), a global engineering and consulting company with over 35,000 professionals in over 60 countries with revenue of c.US$6 billion where he served for over a decade. At Wood Group, David had a leadership role in transforming the group from an oil and gas dominated unintegrated group to a global multi-sector engineering and consultancy business. He was involved in extensive capital raisings, with over US$4 billion raised across public and private markets and M&A, where he executed over US$3 billion of acquisitions. Prior to his role at Wood Group, David was Group CFO of Jersey Oil and Gas plc, an AIM-quoted exploration company from 2011 to 2013.

Steve Lockard, Chairman of Tekmar Group said: "I am delighted to welcome Lars and David to the Tekmar Board. Both are proven and highly accomplished business leaders who bring considerable industry and financial markets experience alongside valuable skill-sets and insight in scaling global businesses. It is a marker of the ambition we have for Tekmar, and of the opportunity we have ahead, to have individuals of this pedigree joining the Board. I look forward to working with Lars and David, and my fellow directors and colleagues at Tekmar, as we execute the critical phase ahead of us to drive value creation.

I'd like to thank Julian and Ian for their contribution to the business and we wish them every success in their future endeavours."

Julian Brown added: "On behalf of Ian and myself, we would like to thank our colleagues at Tekmar for the steadfast commitment they have given to the business, particularly in navigating the external challenges of recent years."


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