Mid-way into their 20th Anniversary year and Aberdeen-based SWARF management specialists, ROMAR International continues to make strides despite industry pressures, by announcing the appointment of Alan Shanks to the role of Chief Financial Officer (CFO).
Affective 1st June 2020, Alan's appointment will add further strength to the board and executive leadership team, overseeing the global finance team and contributing to the company's ongoing growth strategy.
With a wealth of cross-industry experience in accelerating corporate growth as well as managing investor relations, raising capital, strategic business planning and handling mergers and acquisitions Alan previously held executive management positions with EY, ISS and ROVOP ltd before launching his consultancy.
Speaking of his appointment, Alan said:
"While it is unquestionably a challenging period for the industry, it's an exciting time to join ROMAR. Despite the uncertainties of late, the team has done a fantastic job of preparing the business for inclement weather, and the robustness of the ROMAR business model presented me with an attractive opportunity.
It's clear that there is significant scope for future growth here, and I look forward to exploring that further. I would like to thank Duncan for his demonstrable commitment to the business through his tenure. His efforts have positioned the business well for further growth, and I look forward to working with the ROMAR team to build on his legacy and ensure ongoing support for our clients as they navigate these trying times."
Alan will succeed Duncan Scott, who is retiring as ROMAR's CFO after serving the company for six years. Duncan will remain at ROMAR through June 2020 to support the transition to Alan.
Speaking of the changes, CEO Malcolm MacKenzie said
"We owe a lot to Duncan, who has been an integral part of the company's executive leadership team and helped secure the business through some exceptionally trying times for the industry. He has been instrumental to our growth, and we thank him for his dedication and commitment to the business. We are sad to lose him to golf, but we are also delighted to welcome Alan on board. His fresh insight and experience will undoubtedly add further strength to our board and leadership team, and we all look forward to working with him."
This is the second executive appointment this year for the oil-field services company has built a solid foundation to weather a challenging economic climate. Specialising in magnetic separation technologies, ROMAR has carved a successful niche over the last two decades, providing its patented products and services to environmentally-minded operators and services companies.