M² Subsea has appointed Stuart Bannerman as the company’s new chief financial officer.
Bannerman brings more than 30 years of executive management experience to the recently established subsea company.
In his previous role as chief operating officer for BW Offshore. Previous to this, he held the chief financial officer position at Remedial Offshore and regional CFO position at Technip.
M² Subsea chief executive officer, Mike Arnold, said: “I am thrilled to welcome Stuart on board. His considerable finance and business expertise will play a key role in driving M² Subsea’s strategy forward, as we look to become a leading name in remote subsea intervention. His extensive track record in strategic deal making and commercial management makes him a valuable addition to the team.”
Bannerman, commented: “It is a fantastic time to be joining a company like M² Subsea, when it’s at such crucial stage in its development. The company’s fresh approach to the market, combined with the knowledge and experience of the team, gives the firm a real competitive advantage in an increasingly challenging environment. I look forward to playing my part in the company’s future, as it looks to become a world leader in remote intervention services.”