AqualisBraemar LOC enacting long-term succession plan for CEO role

Energy and marine consultant AqualisBraemar LOC has revealed that its long-term succession plan for the CEO role, which will enable the company’s COO to take over the position, will soon be implemented as the current CEO plans to retire at the end of the year.

AqualisBraemar LOC reported on Tuesday that David Wells had announced his intention to retire at year-end and step down as CEO of the group, thus, the board of directors appointed Wells’ co-founder and current COO Reuben Segal as the new CEO.

This CEO change will become effective from 1 January 2022 and David Wells agreed to support the group in an advisory role thereafter.

Glen Rødland, chairman of AqualisBraemar LOC, commented: “With David not getting any younger, moving Reuben into the COO role in 2016 was part of the long-term succession plan for the CEO role. The board would like to thank David for his excellent leadership, and we look forward to cooperating even more closely with Reuben going forward.”

Segal become the COO of AqualisBraemar LOC in 2016. Prior to taking over the COO role, Segal headed up the group’s Middle East operation. He is a naval architect with more than 25 years of experience in the offshore and shipping sectors, covering both engineering design and ship surveying.

Segal, the current COO of AqualisBraemar LOC and its future CEO, stated: “I very much see my role as a continuation of the work David and I have been doing together for the past nine years. In my opinion, most metrics are pointing in the right direction for AqualisBraemar LOC.”

Segal’s replacement as COO is one of the Aqualis Offshore co-founders, Dr. Bader Diab, who is currently the firm’s regional managing director of the Americas region. Diab is a structural and global performance engineer with 30 years of offshore engineering experience.

“I have worked closely with both David and Reuben since we started our discussions about Aqualis Offshore. Since then, David, Reuben and the rest of the management team have built up a leading global company within the offshore energy and marine consultancy niche,” added Rødland.

The company claims that, what started as a marine and offshore oil and gas consultancy with a handful of employees in 2013, has grown into a global group that employs more than 900 people in 39 countries worldwide.

Currently, AqualisBraemar LOC offers independent energy and marine consultancy to the global renewables sectors – including offshore and onshore wind, floating solar and hydrogen – and the maritime and oil and gas industries.

In recent company-related news, AqualisBraemar LOC completed the first renderings of Europe’s first hydrogen-fueled ferry in October this year, a part of the HYSEAS III project.

The EU-funded project includes partners like Scottish ferry company CMAL, St. Andrew’s University, Orkney Islands Council, and several European companies.