James Fisher and Sons said that Eoghan O’Lionaird will be appointed to the board with effect from 1 September 2019.
Eoghan will become chief executive officer on 1 October 2019 at which point Nick Henry, who has been CEO for the last fifteen years, will step down from the board.
Henry will remain employed by James Fisher until 31 March 2020 to ensure a smooth and effective transition of responsibility.
O’Lionaird has been divisional CEO and a member of the executive committee at his current employer, Spectris, a FTSE 250 company supplying precision instrumentation and controls.
Malcolm Paul , chairman of James Fisher, said:
“ After a thorough search process, I am delighted that Eoghan O’Lionaird has agreed to join James Fisher as its new CEO. Eoghan has gained significant business experience in growing decentralised businesses both through organic and acquisitive strategies. A strong motivational and results driven leader, Eoghan has a history of creating highly engaged teams, which suits the James Fisher culture, and with excellent international business experience he has the drive to help take the Group to the next level. I am very pleased that we have been able to attract someone with his track record and I look forward to working with Eoghan and the Executive Team to continue to deliver the excellent growth potential inherent within our business. “