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Tech group 3T Energy appoints new finance director

May 31, 2018
3 min read
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Newly created, 3T Energy Group, which aims to transform training in the energy sector through technology, has appointed a new finance director to help drive its ambitious plans for growth.

Katy Penny, aged 31, from South Wales will be responsible for helping 3T Energy Group implement robust financial processes and reporting procedures to create a solid financial platform for extensive expansion and future acquisitions, the company said.

3T Energy Group said it combines the expertise of advanced simulator developer and manufacturer, Drilling Systems with leading industrial training provider, AIS, to bring a radically different approach to energy sector training.

This approach uses cutting-edge technology such as simulators, e-learning, virtual reality and integrated software, alongside traditional training methods, to enhance the skills, knowledge and performance of energy sector personnel.

The new group has ambitious growth plans, which include strategic global acquisitions and three new UK training centres in the next two years.

Penny brings 12 years’ experience of financial management in senior positions to the role from the manufacturing and transportation sectors. Previously she was group accountant at Red Funnel Group, a cross-Solent ferry operator and leisure company, responsible for the end-to-end financial management of the Group. Katy was also part of the team who refinanced Red Funnel and prepared it for successful sale to a UK and Canadian pensions fund.

Prior to this, Penny spent nine years at Tata Steel rapidly rising from trainee accountant to senior group accountant managing the company’s finances across its European operations. One of Penny’s responsibilities was to head up an important head-count project, which enabled the group to strategically plan and control its personnel costs over a three-year period.

She holds AAT and Chartered Institute of Management Accounts accountancy qualifications.

Penny said: “I’m delighted to join 3T Energy Group, which is one of the most exciting, innovative and ambitious companies I’ve seen in the global energy sector.

“The group has strong private equity backing and will play a major role in supporting and shaping the global energy sector moving forward. These aspects particularly attracted me to the role. My first priority will be to bring the finance function at 3T Energy Group much closer to the business so we can support and advise on strategic and operational decisions as the company begins a huge growth phase.”

Kevin Franklin, chief financial officer at 3T Energy Group said: “We are delighted to welcome Katy to the team at 3T Energy Group. As well as highly relevant experience and expertise, she brings an enormous amount of passion, drive and ambition. These attributes perfectly match our own and over the next five years we plan to become the world’s biggest technology and training solutions provider in the entire energy sector. We are confident with Katy’s help we’ll achieve this goal.”