OIG Makes Executive Appointments

Monday, February 13, 2012

Offshore Installation Group said that Steve Preston will join the company in the position of Chief Executive Officer and John Smith will join the company as Executive Vice Chairman. Both Steve and John will take up their positions in  March 2012. Preston joins OIG from Heerema Marine Contractors where he has been Executive Vice President, Commercial & Technology for the past 12 years responsible for the Group’s worldwide commercial and business development activities. Steve  brings over 35 years industry experience to OIG with a strong background in commercial negotiations, engineering and project management. Steve is a past President and active board member of the International Marine Contractors  Association.

John joins OIG from Clough where, as CEO since August 2007, he led a successful turnaround operation. He is a chartered mechanical engineer with 30 years of international oil and gas experience from bases in the UK, Norway and Australia.  He has held engineering, project management, commercial and general management roles and was the inaugrual CEO and a director of Subsea7 until his appointment at Clough. John preceded Steve Preston as President of the International  Marine Contractors Association.
Geir Aune, Chairman of OIG, said "With the delivery of the Giant II in November last year and the Blue Giant fully operational OIG is starting to get noticed in the market. We are pursuing further asset investments with the support of  our shareholders, Goldman Sachs Capital Partners and Harren & Partner, and are positioning ourselves for growth in this exciting market."

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