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    Changes to the board at Reef Subsea

    Company News // March 6, 2013

    Reef Subsea has announced changes to its management and board with immediate effect.

    Mark Preece is to step down as CEO of the Reef Subsea by mutual agreement. The board acknowledged and thanked Mr Preece for his efforts in developing and positioning Reef Subsea as a subsea contractor.

    Mr Preece will be leaving the company immediately to pursue other interests. The board wishes him every success in his new pursuits.

    Duncan MacPherson, the current managing director of Reef Subsea Norway, will assume the interim role of CEO for the Reef  Subsea  Group.  

    Prior  to joining  Reef  Subsea,  Mr MacPherson  was  an executive  VP of DOF  Subsea  and general manager in DOF Subsea Norway.

    Mel Fitzgerald has been appointed board chairman. Mr Fitzgerald has been involved in the offshore oil industry since  he  joined  Brown  &  Root  in  1974  as  a  project  engineer  and  has  worked  in  a  number  of  positions  and locations. He served as CEO of Subsea 7 from 2004 to 2010, before joining the Board of Directors of Subsea 7 following the merger between Subsea7 and Acergy. Mr Fitzgerald left Subsea 7 in 2012.



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