Expro Shuffles Senior Executive Team

International oilfield service company Expro today announces three key changes to its executive management team. Expro has been under the private ownership of Candover, Goldman Sachs and Alpinvest since July 2008, after making the transition from the public to the private sector.

Peter Goode, who was appointed non-executive chairman for the initial phase of the privatisation of Expro, will step down from this role, but will continue to participate on the board as a non-executive director. His industry experience and leadership qualities have been instrumental in the smooth transition of Expro to private ownership.

Graeme Coutts, appointed Chief Executive Officer in 2003, will move from this role to assume the position of full-time Executive Chairman. Graeme is in his 20th year with Expro and has been instrumental in creating a world-class business and an industry-leading brand.

Gavin Prise will succeed Graeme Coutts as Chief Executive Officer of Expro. Gavin has held several senior management roles within Expro, most recently as Chief Operating Officer and, like Graeme, has been a key component of the company's success.

Commenting on the changes Graeme Coutts, the newly appointed Executive Chairman said, "Despite the more challenging business environment in 2009, Expro has successfully and smoothly transitioned to private ownership under the experience and guidance of our owners. This process has been achieved without any disruption to strategy or performance and I must thank Peter Goode for his role in the transition.

"For the past three years Gavin Prise has been my Chief Operating Officer and an outstanding member of my executive team. Expro's success has been due, in no small part, to Gavin's efforts and input and his promotion to CEO is richly deserved.

"I continue to see a very bright future for Expro in a world where fundamental hydrocarbon energy supply challenges continue to increase. Therefore, these executive changes are designed to create increased focus on our strategic objectives. Furthermore, these changes serve to demonstrate the depth of management talent within the company."
 

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