STATS Group Names Two New DirectorsFebruary 2013 | Portfolio News
STATS Group has appointed two new directors as part of a strategy to double the size of the business. Carl-Petter Halvorsen has joined the pipeline engineering company as business development director while Dave Shand takes up the newly created post of chief operating officer.
The dual appointments will strengthen STATS’ management team and free up chief executive officer Pete Duguid to focus on international development of the company’s unique range of piping and isolation tools for the oil and gas industries.
Carl-Petter Halvorsen has an extensive knowledge of the international energy sector, was a founder of integrity management specialist Flexlife, and was previously business development director at Wellstream.
Dave Shand has worked with number of dynamic fast-growth companies during a 30 years career in the oil and gas sector. He was a director and part of the founding management team of WellDynamics, was operations director with Petroleum Engineering Services (PES) and held senior international roles over a 15 year period with Schlumberger.
STATS Group chief executive officer, Pete Duguid, said: “Both appointments add strength and depth to our existing management team and will allow us to be more proactive in identifying and developing new business opportunities, while reinforcing the existing relationships we have with the major oil and gas operators and service companies.
“Carl-Petter Halvorsen is extremely well known in the international pipeline isolation sector and will greatly enhance our global development and market penetration. The pipelines and subsea industry are key sectors for STATS and Carl-Petter’s reputation will open doors to give us a chance to demonstrate our capabilities.
Dave Shand brings a wealth of experience and wisdom to the table and by taking accountability for the day to day operations of UK and global operations, it will allow me to concentrate on high-level business development. He has spent a lot of time working with niche engineering companies and his understanding of how to get the best out of an engineering-manufacturing service provider will improve operations across the group.
“We have a very strong reputation in the market place but are guilty of not promoting that position vigorously enough and we need to change the perception of being one of the oil and gas industry’s best kept secrets.”
Mr Duguid said the Aberdeen-based business, which employs 150 would double in size as part of its growth strategy and forecast revenues for 2013 are estimated at £27.5 million which would be a 49% upturn on 2012 sales of £18.5 million.