The chief executive of renewables consultancy AqualisBraemar LOC ASA has announced plans to retire from his role at the company.
David Wells (pictured, left) said that he wishes to retire at year-end and step down as CEO of the group.
The board of directors has appointed Wells’ co-founder and current chief operating officer of AqualisBraemar LOC, Reuben Segal (pictured, right), as new CEO.
The CEO change takes effect from 1 January 2022 and Wells has agreed to support the group in an advisory role thereafter.
AqualisBraemar LOC ASA chairman Glen Rodland said: “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 has built up a leading global company within the offshore energy and marine consultancy niche.
“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.”
Wells added: “It has been an honour to be able to lead this company for so long.
“Besides the successful growth, I’m particularly proud of the role we are playing in the global energy transition.
“We identified very early offshore wind as a high growth industry, but we also knew that our experience from the offshore oil and gas and maritime industries would be crucial to support our clients in their energy transition drive.
“I am delighted to deliver on this strategy and that Reuben has accepted the CEO role.”