Corporate finance expert Ingrid Stewart has been appointed the first chief financial officer (CFO) for Ashtead Technology, with five managers appointed newly created roles across its international team.
The appointments are prompted by the subsea technology and services company’s strategic growth plans aimed at developing its leading position in the global offshore energy market. Recently it has developed its presence in new and emerging markets, including in offshore wind and decommissioning.
Stewart brings 23 years of corporate finance experience to the new post, coming from EnerMech Group where she was corporate development director, managing multiple acquisitions and strategy developments for the firmPreviously, she was investment bank Simmons & Company International’s first female corporate finance director.
A specialist in subsea construction, IMR and decommissioning services, Aberdeenshire-headquartered Ashtead Technology employs 170 people globally. It has acquired five businesses since 2017 and boasts one of the largest equipment fleets in the.
Stewart said: “After watching the business successfully grow through acquisition over the past few years and increase its foothold in the offshore renewables and decommissioning sectors, I am thrilled to be joining the talented team at Ashtead Technology. The company has significant growth potential and I’m looking forward to supporting its future aspirations.”
Other new appointees for the Aberdeeenshireoffices include Lili Hughes, as group QHSE manager, Stephen Booth as decommissioning BD manager and asset integrity project manager Michael Gibson. In addition, Mark Vela has joined as US operations manager in Houston, and Dan Davies has taken up his new role as NDT market manager within the company’s inspection solutions team in Bedfordshire, England.
Ashtead CEO Allan Pirie said: “Ingrid’s substantial corporate finance and energy industry experience will make a significant contribution to our growth ambition as we further integrate and invest in our global operations to support the increase in business in offshore wind, decommissioning, and oil and gas.
“Bolstering our management team in the UK and the US will ensure we are well equipped to support our clients as we navigate the current challenges and capitalise on the opportunities presented by the energy transition and the blue economy.”