Prosafe Production Names New President

Effective immediately, Prosafe has appointed Hugh Parry as President of its wholly owned subsidiary, Prosafe Production Services Pte Ltd. He takes over from Bjørn Henriksen who has returned to Prosafe ASA to take up the position of Executive Vice President and CFO.

Hugh Parry has been employed as Finance Director of Prosafe Production since 1998. He has considerable knowledge and experience of the floating production business.

Prior to joining the group, he was Finance Director of Grindrod Limited, a JSE listed shipping company and freight transport service provider and prior to that a partner in Moore Stephens, Chartered Accountants, London. He is a Chartered Accountant (SA) and has an HDip Tax from the University of Natal, South Africa.

The core business of Prosafe Production is the design, engineering, conversion and operation of FPSO/FSO vessels. Prosafe Production is a leading owner and operator of floating production, storage and offloading vessels outside the North Sea, and currently operates a fleet of six FPSO/FSO units off Africa and Asia. The divisional head office is in Singapore.