Engineering firm announces management changes (From The Advertiser Series)
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Reef Subsea Group unveils new chief executive and board chairman
6:00am Wednesday 6th March 2013 in Business
By Steven Hugill
AN engineering firm which installs electric cables on offshore wind farms has announced changes to its management structure.
Reef Subsea Group has revealed chief executive Mark Preece has stood down with immediate effect.
He has been replaced on an interim basis by Duncan MacPherson, the current managing director of its Norwegian base.
The company, which runs Stockton-based Reef Subsea Power and Umbilical, said Mr Preece left the firm to pursue other interests, and also announced Mel Fitzgerald has been appointed as new board chairman.
Earlier this year, the firm completed work on laying high-voltage cabling on a Lincolnshire wind farm using its new remotely-operated vehicle, the Q1000 trencher, which operates up to 2,000m under water.
It hopes the machine, built by Soil Machine Dynamics, in Wallsend, will help secure more contracts in the renewables and oil and gas sectors.
