Craig Group Strengthens Board

The Craig Group, has appointed two directors to its main board - the first new appointments to the board since 1997.

David Currie, managing director of the Craig Group's division Seatronics, which specialises in the rental and sale of high-tech subsea survey equipment, and David Allan, managing director of oilfield procurement division, Craig International Supplies (CIS) join the main board this month.

David Currie joined the Craig Group in 1999 when Scantron Ltd. the company of which he was joint owner was acquired by the group to form Seatronics. Formerly business development director for Seatronics, Mr Currie became managing director in 2003. He has 22 years experience in the subsea equipment rental business. Seatronics employs 60 people with a turnover of £12 million.

CIS was formed in 1998 when the Craig Group acquired DIC, run by David Allan, and merged the businesses with their existing procurement service. CIS has grown rapidly, particularly overseas, from a turnover of £4 million in 1998 to its current turnover of £17 million. The division employs 32 people. Mr Allan has 26 years experience in the oilfield supply business.

Craig Group managing director, Douglas Craig, says: "The board is delighted to welcome both directors. They bring with them many years experience and technical knowledge which will make a valuable contribution to the board. Increasingly, we are seeking synergies between our divisions and having the directors of our key divisions on the board will ensure that we make decisions based on the bigger picture of services and products the group can offer both in the North Sea and internationally.

"The Craig Group has over 70 years of strong maritime heritage and tradition but key to our growth is our ability to adapt and innovate. The introduction of new blood to the board will ensure that we continue to re-fresh our goals and challenge our strategies."

The Craig Group board is chaired by David Craig, who at 88 is the oldest chairman of a company in Scotland, Douglas Craig, deputy managing director and finance director - Henry Lints, Callum Bruce, managing director of North Star, Vic Murphy managing director of catering and Freddie Craig, non-executive director.

The global energy services firm, which has nine specialist divisions, recently reported strong results for 2004 with a 158% increase in operating profits.