Energy Cranes Names Doug Sedge as New CEO

Energy Cranes has appointed Doug Sedge as chief executive officer (CEO). John Jordan, the incumbent CEO, is standing down from the role and will be leaving the group.

Doug Sedge (53) is well known in the oilfield business community, where he was CEO of RBG Group from 2005 to 2008. His most recent assignment was in a European role with Canadian offshore technology group, Tesco Corporation; his move to Energy Cranes marks a return to global leadership in the energy services sector. His 34 year career in the oil industry has also included senior UK and international roles with Dresser Industries, Dolphin Drilling and US oilfield service giant Weatherford Inc -- ultimately as their Vice President for Europe Africa and the Former Soviet Union.

Sedge takes up his position as CEO of Energy Cranes on 1st November. His appointment brings new leadership to a group which has ambitious long-term growth plans.

"I am excited to be taking over as CEO of the Energy Cranes Group" said Doug Sedge. "The Sparrows brand, in particular, is one of the great international success stories to emerge from Aberdeen's involvement in the offshore energy business. The group is a strong business employing excellent people all over the world and I look forward to leading them to the next level of success and growth."

A keen golfer, Doug is well known in the industry for his involvement in the Aberdeen Oilman's Golf Association (AOGA) which, through its annual golf tournament at Gleneagles, has raised hundreds of thousands of pounds for young people's charities.

Robin Pinchbeck, chairman of Energy Cranes, said, "We are delighted that Doug is joining us as CEO: he brings with him a wealth of experience and a proven track record in building businesses in the offshore energy services marketplace. Under his leadership we will continue to meet and exceed client expectations in the services we already provide, while pioneering new services and technologies and seeking attractive company acquisitions as drivers to our continuing growth. We thank John Jordan for his commitment to the growth of Energy Cranes over the past four years and wish him well in his future endeavours."

Energy Cranes Group History

Sparrows Offshore began operations in Aberdeen in 1973. The business earned a reputation for safe and cost-efficient offshore crane engineering and operations which allowed the company to build a leading position in the North Sea during the 1980s and 90s before beginning to develop overseas.

A Middle East operation was established in Abu Dhabi in 1999 and, following a management buyout in 2000, the injection of new capital fuelled further openings in Perth, Australia and Houston, Texas.

Following rapid sales growth at home and abroad, a secondary buyout in 2003 led to the formation of Energy Cranes and the acquisition of the US offshore crane manufacture and service businesses of American Aero and Titan Cranes. Further overseas operating centres were opened in Indonesia, Brazil, Azerbaijan and Norway and additional US crane business, Dynamic Cranes and M&M Services, were acquired and integrated into the group. The company also made its first strategic investment outside crane services through the acquisition of Aberdeen Hydraulics.

Continuing business success led to a further sale of the business to CBPE Capital in 2008 and, almost immediately, to the acquisition of Baricon Systems -- an Aberdeen-based designer and supplier of sub-sea pipe and cable laying technologies. Additional overseas crane service bases have been established in the Netherlands, Singapore and Angola.


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