Bailey takes over as Managing Director at Pareto Shipbrokers LimitedCompany News // October 31, 2016
Sean Harvey, Managing Director at Pareto Shipbrokers Limited, has stepped down from the company and has been succeeded as Managing Director by Oliver Bailey.
Mr Bailey said: "Sean Harvey has been a credit to this organization and we thank him for his service over the years. His 36 years in the industry has given him a near unparalleled insight to the offshore market and as a team we owe a great deal to his advice and foresight. The company is in its 40th year, and today we serve a wider and more diverse client base than at any point in our history. The company continues to prosper in these difficult times; a testament to the enthusiasm, hard work and dedication of our team for our clients and for which we thank them. We look forward now to the coming 40 years, the challenges and opportunities they will present."
Mr Harvey is a veteran of the offshore shipbroking industry having joined the company, then Derrick Offshore, in 1980. During his 36 years with the company he has specialized in all areas of project broking, with a focus on the subsea construction and cable markets and in particular newbuild contracting. Together with Ian Coates, he led a management buyout of the company in 2001 and under his direction grown the company significantly including initiating joint ventures with Optimum Marine Technology and opening the Aberdeen Office in 2006. Mr Coates has been with the company 28 years and will continue in his current role as director and member of the Board.
In August 2014 the company joined the Pareto group and in September 2016 merged with Pareto JGO Shipbrokers to form Pareto Shipbrokers. The executive changes are part of a planned change of guard and Sean Harvey will continue to support the company in a non-executive role.
Mr Harvey said: This amazing and challenging industry has given me so much over the years. Today it has changed out of all recognition since those days in our London office 36 years ago with two telex machines and key and lamp phone system. Along the way I have worked with some very talented and innovative colleagues as well as a host of interesting and sometimes colourful clients. Together they make this industry what it is, one of the most dynamic and exciting places anyone could wish to work. Now it is time to concentrate on my wide range of interests outside work and to let the new, young blood take over. I am delighted that Oliver Bailey has agreed to succeed me, I cannot think of anyone better qualified to take the company forward and he has my total support in his new role.”