SeaEnergy Chief Quits, Group to Focus on Wind Services Business
Stock Chart for SeaEnergy PLC (SEA)
SeaEnergy Plc (SEA), the Aberdeen-based energy company, will continue to focus on developing businesses that service offshore wind farms after announcing its executive chairman will step down.
Steve Remp will leave the company he founded in 1977 to concentrate on personal investments, SeaEnergy said today in a statement. He will be replaced as chairman by David Sigsworth, a non-executive director. John Aldersey-Williams, also non- executive director, will be acting chief executive.
The company will concentrate on businesses providing services such as operations and maintenance as well as vessels that work on wind farms at sea, according to the statement.
SeaEnergy changed its name from Ramco Energy Plc in 2009 and switched its focus from oil and gas exploration after Remp saw potential for wind power in the North Sea. The company agreed to sell offshore wind unit SeaEnergy Renewables Ltd. to Repsol YPF SA, Spain’s biggest oil company, for about 50 million pounds ($79 million) in June to concentrate on marine services.
SeaEnergy closed up 2.53 percent at 25.4 pence in London today.
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