Ceona, a London-based SURF contractor with deep-water subsea construction capabilities, has announced that the company's executive vice president commercial and business development, Mark Preece, has been appointed as Chief Executive Officer (CEO).
According to the press release, Mark takes over from current CEO, Steve Preston, who after 40 years in the industry has decided to retire from operational management and step down.
Steve has worked tirelessly to establish Ceona as a key subsea player over the last three years, having been a prime mover and overseeing the construction of the company's purpose-built flagship, Ceona Amazon.
Ceona is a SURF and heavy subsea construction contractor in the deep-water market, specializing in full-service engineering, pipelay and construction project management and execution, including floater installation.
Ceona Chairman John Smith commented in a company statement: 'Steve is an inspirational leader who has worked with our teams to develop the strong building blocks for our business. His dedication to seeing the Ceona Amazon come to fruition, combined with his passion for innovation, saw him lead the project from design concept right through to the successful launch of the next generation, hybrid field development vessel, on time and on budget.
'We are sorry to see Steve go and extend our best wishes to him for the future, and look forward to Mark building on the foundations he has laid. Mark is a highly-experienced industry figure who has been involved with the subsea market for over 32 years. We believe he will be well placed to lead Ceona through what is an extremely challenging market environment for the industry as a whole.
'Our industry is cyclic and we remain confident in the long-term fundamentals for the deep-water subsea sector. The Ceona team, with the Amazon, will deliver a quality, cost-effective service, while our focus continues to involve working with all our stakeholders to ensure that our cost base is aligned to come through this down cycle strongly.'
Commenting on his new role, Mark Preece said in a Ceona release: 'Working with Steve has been great and he leaves some big shoes to fill. But with the team's support, especially chief operating officer Stuart Cameron, who has been fundamental in getting the company this far, and despite the strong head winds, I feel optimistic for the future.'
