NORTH-EAST firm Ace Winches said yesterday it had appointed Graeme Wood as chief operating officer to guide growth as the deck machinery specialist eyes further expansion in international markets.
Mr Wood has more than 20 years’ experience in the oil and gas industry and joins from Aker Qserv, where he was operations director of process and pipeline services.
Ace’s previous chief operating officer, Bob Smit, has retired.
Mr Wood said: “I am delighted to be joining Ace Winches at a time when the company continues to experience tremendous growth.
“With approximately 70% of our turnover attributed to overseas markets, we will be looking to grow the number of international bases.
“As the Norwegian market is particularly buoyant, our first aim is to strengthen and support our Norwegian base in Stavanger to maximise the potential this market and client base has to offer.”
Company founder and chief executive Alfie Cheyne said Mr Wood’s appointment was a significant boost to the management team.
He added: “Graeme’s experience and strategic oversight will be a great benefit to the company as we move forward. I am delighted that we have been able to attract someone of Graeme’s calibre.”
Ace Winches has projected turnover in the financial year ending this month of £23million. The firm, which employs 226, has its headquarters at Towie Barclay Works, near Turriff.
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