The chief financial officer (CFO) of Highland marine energy firm Simec Atlantic Energy is set to stand down form his role.
Andrew Dagley will stand down as CFO at the end of this month, but will continue as executive director of Simec Atlantis Energy’s Uksmouth waste to energy conversion project.
Mr Dagley will be replaced by Stephen Hutt, who joined Atlantis as part of the acquisition of Green Highland Renewables in 2019.
Mr Hutt will take over the CFO role in March.
Tim Cornelius, chief executive of Atlantis, said: “I would like to thank Andrew for his support and hard work, particularly over the last two years as we have transformed the company from a marine energy specialist into a leading developer of renewable and sustainable energy projects driven by acquisitions in the hydro and waste to energy sectors.
“Andrew will now take up a role focusing on the financial close package for our Uskmouth conversion project.
“I am delighted that Stephen has agreed to accept the CFO position and I look forward to working closely with him as we continue to grow the Atlantis group.
“Stephen joined Atlantis in 2019 as part of the acquisition of Green Highland Renewables, where he held the dual roles of Managing Director and CFO, and he has quickly become an integral and highly valued part of the team.
“His experience and pedigree in the delivery, financing and operation of renewable energy projects in the UK will be very valuable as we seek to finance, construct and commission our flagship projects, as well as continue to grow our hydro, marine and end of waste project portfolio.”
