Top energy boss stepping down after 10 years at the helm
ByAllister Thomas
EnerMech managing director Doug Duguid.
EnerMech chief executive Doug Duguid is giving up the hotseat at the company he helped found more than a decade ago.
Mr Duguid, 57, was one of four key shareholders who, alongside private equity firm Lime Rock Partners, set up the energy services group in Aberdeen in 2008. Today, the business employs about 3,500 people globally.
EnerMech changed hands in a £450 million deal completed last December, with Caryle Group taking over control from Lime Rock and launching a “strategic transition” plan.
It is understood the takeover involved a refinancing of the business which wiped out its existing debt.
Shareholder details for the company’s parent, EnerMech Group Limited, which is registered in Jersey, have remained undisclosed.
Yesterday, EnerMech told Energy Voice Mr Duguid would become deputy chairman for six months from August 1. John Guy, currently chief operating officer, will take over as CEO.
