KCA Deutag announced the appointment of Joseph Elkhoury as its new chief executive officer with effect from 1 July 2019, taking over from Norrie McKay who plans to retire this year.
Norrie will remain with the group in an advisory capacity until 31 December 2019, working closely with Elkhoury to ensure a smooth transition.
Elkhoury brings with him 26 years of experience in a wide variety of operational and leadership roles in the oilfield services industry. Most notably he spent 21 years with Schlumberger Limited, originally joining the group in 1993 as a Wireline Field Engineer in Abu Dhabi. During his time there he held a number of senior positions and had responsibility for several of Schlumberger's businesses.
In 2014, Elkhoury left Schlumberger to join stock exchange listed oil and gas services company, Tetra Technologies, Inc. as its chief operating officer and senior vice president, with a mandate to improve its financial performance and to build a long term strategy for the company.
Most recently Elkhoury was an operating partner, focusing on investment opportunities in the energy technology sector, at Apollo Global Management LLC, one of the world's largest alternative investment managers. He is also currently chairman of the board of Express Energy Services, one of its portfolio companies.
Elkhoury has a degree in electrical engineering from the American University of Beirut.
KCA Deutag Chairman, Bob Ellis said: "We are extremely pleased that Joseph is joining KCA Deutag. He brings with him an impressive range of international experience and a deep understanding of the dynamics of our market which we believe is essential as we take KCA Deutag into the next phase of its development.
"On behalf of the Board of Directors, I would also like to take this opportunity to thank Norrie for the huge contribution he has made to the business since he joined KCA Deutag eight years ago.
"Under his strong leadership the group has continued to flourish despite the worst downturn the oil and gas industry has ever experienced. He has not only led KCA Deutag from the front with his unwavering drive to deliver safe, effective and trouble-free operations, but he has also spearheaded our successful growth strategy. This culminated in the acquisition of the Omani and Saudi Arabian businesses of Dalma Energy in 2018, and the establishment of Turan Drilling & Engineering, the group's new joint venture in Azerbaijan."