ROVworld Subsea Information

Triton Group announces major management restructuring
Date: Thursday, October 30, 2008 @ 13:00:00 EDT
Topic: GENERAL NEWS


Triton Group announces major management restructuringFast-growing subsea technology and services firm, Triton Group, has announced a major restructure of its operations to enhance integration and coordination following two years of rapid global expansion through organic growth and acquisitions. The Aberdeen-based Group has driven forward its strategy of becoming a global market leader with the acquisition of eight companies in deals totaling more than £100 million since its formation in 2007.

The restructure includes the appointment of a new Group chief operating officer (COO) and the creation of three regional director posts to oversee the performance of each business. The 3 regions are Americas, Europe / Middle East / West Africa and Asia Pacific. Dave Sturrock brings more than 23 years experience in global manufacturing and engineering business to the role of COO, most recently as vice president of subsea production systems at Vetco Gray.

A fully qualified Chartered Engineer and European Engineer with a BSc (Hons) in Metallurgy, he will have full responsibility for Triton Group's operational performance worldwide. He will also assume the role of regional director Europe /ME /WAF until a new appointment can be made.

Commenting on his appointment Mr Sturrock said: "It's exciting to be part of a new global powerhouse like Triton and I am looking forward to the challenges this new and exciting post will bring. "I feel my years of experience will contribute greatly in reaching Triton's ambitious goals and enhance its growing international standing."

After three years as COO of Perry Slingsby Systems Int, long-standing Group member Bruce Lokay has been appointed regional director Asia Pacific, based in Singapore. Meanwhile, former vice president of business development at Triton Group, Steve Rampton, has taken on the role of regional director Americas. He will continue to be based in Houston.

Triton Group now comprises a raft of companies - Perry Slingsby Systems, Sub-Atlantic, UK Project Support Ltd (UKPS), Subco, Cynergetix, Dynamic Positioning Services Ltd (DPS), Geoscience Earth and Marine Services Inc (GEMS), VisualSoft, Seafloor Geoservices Inc (SGI) and VMAX Technologies - focused on providing state-of-the-art technology and services to the rapidly expanding international subsea oil and gas sector.

Martin Anderson, chief executive of Triton Group, said: "2008 is proving to be an excellent year for the Group and the outlook for 2009 and beyond is very optimistic. Our investment in new technology and products has been well received by the market and we will continue to invest in new products as well as further developing our manufacturing capabilities and services business. "Strong market fundamentals coupled with the quality and strength in depth of Triton gives us the confidence to continue to grow the Group and we anticipate progressing with further acquisitions and strategic initiatives."

Mr Anderson said the new structuring was a key driver for Triton in achieving its goals of delivering personal service to customers, creating high quality operations and producing profitable financial results. "In particular, Dave's caliber and depth of experience will help us achieve our growth strategy and potential. He is an extremely valuable addition to our skill base and I have no doubt that he will make a substantial contribution both to the development of the firm and also to our expanding portfolio of assets."

Triton Group is an international group of businesses offering a range of control system based products and systems with complimentary services. Products include the widest range of market leading electric and hydraulic ROVs for inspection, survey and light intervention applications through to deepwater heavy construction applications. The group also offers a comprehensive range of ancilliary remote intervention products and tooling systems as well as operational services such as training programmes, offshore personnel recruitment, equipment rentals, management and servicing.






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