Reef Subsea Welcomes New CEO

Reef Subsea has appointed Mark Preece as Chief Executive Officer with effect from July 1, 2010.

Mr. Preece, former senior vice-president of business development and marketing at Acergy, will be based at new global headquarters in London.

Mr. Preece said, "I am joining Reef Subsea at an exciting time. Although it's a new operation, Reef comprises three already well-established and successful companies that complement one another and have performed well in the first quarter of this year.

"From our new headquarters in London we will be able to both consolidate and then grow our share of the market to establish Reef as a truly major global subsea operator."

Mr. Preece has extensive commercial, operations management and business development experience and has held senior positions at Acergy, Bibby Line, Technip, Coflexip Stena Offshore and Stena Offshore.

He is a master mariner with an MBA from Henley Management College, and before taking on management roles worked offshore as a ship's master.