Aberdeen-headquartered oilfield services firm KCA Deutag has appointed a new chief executive as incumbent Norrie McKay prepares for retirement.
Joseph Elkhoury will take up the role from July 1, having spent most of his career in Texas with firms including 21 years with Schlumberger.
Most recently, he was an operating partner at investment management firm Apollo, focussing on the energy technology sector.
Originally from Lebanon, he has a degree in electrical engineering from the American University of Beirut.
Current CEO Norrie McKay joined the firm in 2011 and intends to retire later this year.
He will stay within the group in an advisory capacity until December 31 to ensure a smooth transition.
Chairman, Bob Ellis said: “We are extremely pleased that Joseph is joining KCA Deutag.
“He brings with him an impressive range of international experience and a deep understanding of the dynamics of our market which we believe is essential as we take KCA Deutag into the next phase of its development.
“On behalf of the Board of Directors, I would also like to take this opportunity to thank Norrie for the huge contribution he has made to the business since he joined KCA Deutag eight years ago.
“Under his strong leadership the group has continued to flourish despite the worst downturn the oil and gas industry has ever experienced.
“He has not only led KCA Deutag from the front with his unwavering drive to deliver safe, effective and trouble-free operations, but he has also spearheaded our successful growth strategy.
“This culminated in the acquisition of the Omani and Saudi Arabian businesses of Dalma Energy in 2018, and the establishment of Turan Drilling & Engineering, the group’s new joint venture in Azerbaijan.”