Lloyd's Register has announced the appointment of John Wishart to lead its diversified global energy business. He takes the helm as Energy Director at a time where higher energy prices spur asset investment and demand for technical assurance.
Wishart, who joined the organization from GL Noble Denton, will be based in London and is expected to bring a wealth of experience to the job, having spent more than 30 years in the industry before joining Lloyd's Register earlier this month.
"Rising energy prices, stricter emission standards and the complexities of exploring new energy sources are increasing the technical assurance needs of companies operating in the energy supply chain," Wishart said. "I am very much looking forward to the challenge of growing the energy business of the Lloyd's Register Group in all its dimensions - upstream, downstream and the conventional, nuclear and renewables sectors. I am especially looking forward to working together with all of my new colleagues to drive the success of our energy business."
Wishart joined Noble Denton as group managing director in 2008 and became President of GLND when the companies merged in 2009. He is a chartered engineer with a wide international portfolio of experience covering the upstream and downstream segments of the oil and gas business. The experience has been split between the contracting, consulting and operator sectors and has included a diverse range of roles.
Wishart brings with him a strong industry network and experience in developing diverse business portfolios with a range of stakeholders including government, international and national oil and service companies.
He joins Lloyd's Register's energy team at a time when the division is enjoying strong income growth—15% in the last fiscal year—by enhancing its specialist technical expertise in the traditional sectors through acquisitions and further expanding its capabilities in the renewable and nuclear energy sectors.
Lloyd's Register has committed more than £150 million in the last five fiscal years to acquire companies displaying technical leadership in their specialist fields, including: Scandpower AS, a leader in independent risk-management; ModuSpec BV, the leading provider of technical services to the offshore drilling sector; and Human Engineering Ltd, one of the world's top human-factors consultancies.
December 13, 2011