TWMA, provider of specialised Drilling Waste Management services, is expecting its growth strategy to accelerate, with a target turnover of £200 million and headcount to reach 1,500 following investment from Buckthorn Partners earlier this year.
The company said to support the strategy implementation, Tony Branch will expand his current director role within TWMA, taking over from Ronnie Garrick as CEO.
Garrick expands his remit as president of the company, focusing and leading on three key growth development areas: merger and acquisitions activity; new geographic expansion; and new product and technology development, the company said in a statement.
Specialists in the oil and gas sector, private equity investors Buckthorn acquired TWMA in May 2017. With a current a turnover of £50million, TWMA employs 540 personnel across offices and service bases in Europe, the Middle East, North Africa, West Africa and the Americas.
Tony Branch said: “Since the initial investment we received six months ago, the TWMA team has created robust plans, which will result in an exponential level of growth. The development of our senior management structure is a natural and positive step, which better allows us to drive those plans forward, and meet some exciting objectives.
“A key goal is to develop TWMA’s already-strong international profile, which is centred on a clear commitment to our clients who require innovative and cost effective solutions for their drilling operations. I look forward to leading the global team and building upon the successes we have achieved to date.”
Most recently president of regional operations at Weatherford, Branch brings over 25 years’ experience in the global drilling sector.