ROVworld Subsea Information

Harkand Appoints New Chief Financial Officer
Date: Thursday, January 02, 2014 @ 06:05:00 EST

Harkand International subsea inspection, repair, maintenance (IRM) and light construction company Harkand today announced the appointment of Ben Gujral as the group’s new chief financial officer.


Gujral has more than a decade of experience at senior levels in private equity backed and PLC enterprises and has been instrumental in driving growth during periods of organisational change.

 In his previous role as CFO at Mood Media Corporation, he helped grow the business from enterprise value of $200m to $1.2bn, raised more than $1bn in financing and managed the global in-store media solutions company’s mergers and acquisition strategy across four continents. He also held the group CFO position at Transcom Worldwide and DCS Group PLC.


Harkand chief executive officer John Reed said: “I am delighted to welcome Ben to the group. His considerable finance and business expertise developed with global companies will play a key role in driving Harkand’s strategy forward as we continue to build our presence around the world to become a leading name in subsea IRM.


“Ben’s extensive track record in strategic deal making and adding shareholder value makes him a valuable addition to the team as we move forward with our ambitious growth strategy.”

Gujral replaces interim CFO Deborah Stevenson who was brought in to lead Harkand through the early stage of its expansion as a group. Harkand launched in February 2013 through the merger of Iremis, Integrated Subsea Services (ISS) and Andrews Survey following investment by Oaktree Capital Management. Harkand acquired Houston-based Veolia Marine Services in August this year.


“It is a fantastic time to be joining a company like Harkand when it is at this crucial stage in its development. The group has a reputation across global markets and I look forward to building shareholder value as we align and integrate our businesses further and enter into the next phase of our growth strategy,” said Gujral.


The company, which aims to grow turnover to $1billion in the next five years, now employ close to 1,000 staff at bases in Aberdeen and London in the UK, Dubai in the Middle East and Singapore and Perth in Asia Pacific, and Paris, France.

This article comes from ROVworld Subsea Information

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