Remedial (Cyprus) Plc Appoints New CFO

Remedial (Cyprus) has appointed Mr. Stuart Bannerman as new CFO. Mr. Bannerman has over 20 years experience in the oil and gas industry, including CFO positions of various oil and gas contracting entities.

Mr. Bannerman was most recently CFO of Technip USA Inc, an entity with annual revenues in excess of US $1 billion. He has had extensive experience with the financial and commercial management of vessel operations (Coflexip Stena Offshore), fabrication yards (Aker) and personnel operations (Technip).

-Stuart will be a valuable addition to our organization, and we are extremely pleased to have him join our team, says CEO Richard Altman.

Remedial is strengthening its organization to facilitate its planned global business expansion. The company will be announcing a number of additions to operational and executive management team in the coming months.