Chief Financial Officer Katy Gifford has been appointed Chief Executive Officer, allowing former CEO Paddy Collins to take up the newly created post of Chief Technology Officer. Aubin’s finance team will be restructured in line with the change.
Mr Collins, who has been CEO for 13 years, remains Aubin’s major shareholder. The change supports his long-held desire to move into a more technology-focused role to enhance Aubin’s portfolio of innovative chemical solutions for its customers.
“While I have enjoyed my time as the CEO of Aubin, my real passion has always been in the development of innovative solutions for the industry. The growth of our business, and changes in the market have created new opportunities and we have been developing new technologies in response to these industry challenges,” he said.
“This new role, which is fully supported by our board and investors, allows me to focus on these new technologies, growing the company and enhancing shareholder value. I am delighted that Katy has been appointed as CEO. Not only is she an inspiring and capable leader in her own right, but she joins a deservedly growing list of women at the top of our industry and that must be welcomed.”
Ms Gifford joined Aubin four years ago but has many years’ experience of senior management roles in the energy industry. She was appointed as Aubin’s CEO following a rigorous internal and external recruitment campaign.
She said: “I feel privileged to have been appointed to the role of CEO of Aubin. I bring experience from my previous roles and the additional benefit of continuity to the business as I have a thorough and practical appreciation of the CEO remit here.
“Aubin is performing very well, particularly in North Africa and the Middle East - where we are in the process of developing manufacturing capabilities - Norway and the North Sea. Demand for our new technology solutions for water shut off, plugging and abandonment, pipeline cleaning, cementing and stimulating additives and waste management treatment are growing rapidly.
“More and more customers are enjoying the benefits and ease of deploying Aubin’s chemical solutions over mechanical alternatives. We have always had a strong research and development function, but with Paddy totally focused on driving our technology offering now, we are well positioned to really grow our offering in the global marketplace.”
The company reported an increase in revenue for 2017/18 on the previous year and is eyeing further growth in line with the industry wide emergence from the recent downturn.
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