Lamprell names new chief executive

UAE-based fabricator Lamprell has appointed former McDermott senior vice president Ian Prescott as its new chief executive.

Prescott takes over from Christopher McDonald, who has headed up Lamprell since September 2016. Details about McDonald’s departure have not been disclosed.

“With a distinguished career spanning across the oil and gas, petrochemical, mining, power and water industries, Ian has a demonstrated track record of delivering exceptional results in leadership, strategy, and growth,” Lamprell said in a statement.

Prescott spent three years with McDermott in Malaysia, where he was responsible for the strategic growth and development of the Asia Pacific business. Prior to that, he held senior management and board positions with McDermott, SNC Lavalin Singapore, Global Process Systems and Aker Kvaerner Australia.

The oil and gas and renewables fabricator was taken private in a $46.5m deal by two of its major shareholders last year. The company’s main fabrication facilities are in Hamriyah in the UAE, but it also has yards in Dubai, Jebel Ali, and Saudi Arabian shipbuilding joint venture with Saudi Aramco, Bahri, and Hyundai Heavy Industries.