New Wave Media

August 22, 2013

Harkand Appoints New CEO

Internatioanl subsea inspection, repair and maintenance (IRM) group Harkand announced the appointment of John Reed as its new chief executive officer as it embarks on the next stage of its ambitious growth strategy.

Reed, an industry veteran with more than 30 years’ experience in the offshore engineering and construction sector, will lead the development of the company as it drives forward with its target of growing turnover to $1 billion in the next five years.

Due to take over the reins in October, he replaces Nicolas Mouté who steered the group’s formation since inception and through the merger of Iremis, Integrated Subsea Services (ISS) and Andrews Survey following investment by Oaktree Capital Management and the acquisition of Veolia Marine Services. Mouté will move to another senior role within the group, to be announced later.

Chairman Tom Ehret said, “[Harkand] brings with him extensive experience of developing and delivering large scale, capital intensive projects and management of major complex organizations, which I believe will prove invaluable to the company as we continue with our transformation into a leading name in global IRM and light construction services for the oil and gas industry.

“Nicolas has played a key role in creating and shaping the organization to date and positioning us for further growth as we go forward and we look forward to his continued involvement in developing the group in the future.”

Reed most recently served on the Cal Dive International Inc. Board of Directors from May 2012 to August 2013. Prior to that he was CEO of Global Industries Ltd. from March 2010 until its acquisition by Technip S.A. and is a former CEO of Heerema Marine Contractors.

He holds a Bachelors’ degree in Engineering from the University of Mississippi and an MBA from Delta State University; and previously served as a member of the Board of Directors of the National Ocean Industries Association, is a past President of the International Pipeline and Marine Contractors Association and past Chairman of the International Marine Contractors Association, America’s Deepwater Division.

harkandgroup.com
 

John ReedOaktree Capital ManagementAndrews Survey
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