Cosalt Offshore Welcomes New CEO

Cosalt Offshore has announced the appointment of highly-experienced industry figure Rod Buchan as the new Chief Executive Officer.

Mr. Buchan most recently has been Managing Director of Aker Offshore Partner and has held a variety of roles with the company since 1998. An Aberdonian, he has vast experience in the UK and Norwegian offshore markets of leading on large-scale, long-term contracts with major operators.

Commenting on the appointment, Mark Lejman, Chief Executive of parent company Cosalt, said, "Rod has an enviable reputation in the oil & gas industry established over 30 years. His experience is very much aligned with Cosalt Offshore's ethos of providing exceptional service for customers across the North Sea. We are delighted he has joined us and believe he is an excellent person to lead our team as we work to strategically develop the business from our bases in Aberdeen and Stavanger."

Mr. Lejman continued, "Rod's appointment marks the end of the necessary changes made to the senior Offshore management team and the creation of a new stronger team. The actions taken over the last three months have proven to be correct and we are grateful to our customers for their excellent support throughout. We can now focus solely on re-enforcing our reputation for superior customer service to our existing clients and on the new business opportunities we have in the pipeline."

Mr. Buchan said, "I am delighted to be joining Cosalt Offshore. It is a business with a reputation for technical excellence, an industry leading portfolio of products and services, a highly competent and committed workforce and a strong long term customer base. With strong prospects in both North Sea and international markets, I am looking forward to leading the strategic development of the business."