Topaz Announces Leadership Changes

Jay Daga has been named Chief Financial Officer of Topaz Energy and Marine, an international offshore support vessel owner with operations in the Middle East, Caspian and West Africa.

Daga will take his position with immediate effect, having been with Topaz for 15 years in a number of finance positions, most recently as Deputy CFO. Topaz noted that Daga led its two latest capital raising initiatives being the company’s $350 million corporate bond issue in 2013 and its recent $75 million equity injection by Standard Chartered Private Equity. 

Topaz also confirmed the departure of Chief Operating Officer, Roy Donaldson, who joined Topaz in 2005. Geoff Taylor will act as interim COO while the search for a successor is underway. Taylor joined Topaz in 2013 as Managing Director, Marine Engineering. Prior to joining Topaz, Taylor was CEO of Dubai Drydocks World.