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Geoquip Marine reorganises Board of Directors

Mar 17, 2020
2 min read
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Geoquip Marine, offshore geotechnical engineering and drilling company, has reorganised its Board of Directors.

The supervisory board of directors will now be chaired by Peter Østergaard Nielsen. Peter became a Director in 2019. He is a senior lawyer with leading Danish legal practice Bech Bruun and has extensive specific experience in international wind farm development.

“This is an important strategic development for Geoquip,” comments Chief Executive Officer Stewart Higginson. “The historic core business for the company has been in the oil and gas sector but a significant percentage of the record growth we have experienced over the last three years has come from the offshore energy market. This is now structurally our core market and one we intend to keep growing over the long term.”

“Peter has been the principal negotiator in many high-profile international offshore development projects. In addition to his detailed experience of international business transactions and his insight into the energy sector, Peter is particularly valued for combining his legal skills with a commercial and technical understanding of the projects in which he is involved. Our plans for the years ahead are focussed on serving the needs of our customers in the growing offshore renewables sector, whilst at the same time conciliating our market position in specific regions where the demand for oil and gas developments will clearly remain high. Peter is ideally suited to lead us to achieve that objective.”

Outgoing Chairman Andrew Wright remains a key member of the board of directors and will now be able to refocus his time on Geoquip’s growing efforts in technical development of equipment and assets, whilst simultaneously managing certain key customer relationships.

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