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Insider UK
Insider UK
National
Peter A Walker

Offshore Energies UK starts search for new CEO

Offshore Energies UK (OEUK) - formerly Oil and Gas UK - has announced that current chief executive Deirdre Michie will step down in December after eight years in the role.

The change comes as the body looks to aid the transition away from fossil fuels, although it has been a regular defender of the oil and gas sector in recent years.

OEUK finance and corporate services director Graham Elgie said: “Following Deirdre Michie’s announcement that she will be standing down in December as OEUK chief executive after eight very successful years, the board is now seeking to find a new champion who can ensure a multi-year commitment to an offshore energy sector undergoing rapid and positive change.

“We have engaged recruitment specialists, Odgers Berndtson, to support us in the search process and appointment of a successor.”

The body has placed an advert on its website for the job, with applicants asked to upload a CV.

This comes in a turbulent period for the energy industry, with public outcry over recent profits reported by oil giants.

On Tuesday, BP announced that underlying replacement cost profits jumped to a better-than-expected £6.9bn for the three months to 30 June.

The reported profit comes as households are struggling with increased bills and inflation.

OEUK said the increased profits were due to a rise in global prices, and highlighted the amount of tax being paid by energy companies as a result of boosted earnings.

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