Offshore helicopter operator Bristow Group has appointed Jennifer Whalen as Senior Vice President, Chief Financial Officer (CFO) of the corporate efficient on Wednesday.
In this position, she is chargeable for accounting, monetary reporting, investor relations, M&A, tax and different monetary elements of the corporate.
She was beforehand serving because the CFO in an interim position since June 2020.
“Jennifer brings a wealth of information about our enterprise in addition to present relationships that can assist the newly mixed firm improve inside controls, processes and operations”, mentioned Bristow President and Chief Executive Officer Chris Bradshaw.
“I imagine Jennifer is the most effective individual for the job, as we navigate and mitigate the results of the downturn within the offshore oil and gasoline business and emerge with a extra environment friendly price construction”.
Whalen beforehand served because the Senior Vice President, Chief Financial Officer for Era Group Inc. from February 2018 to June 2020. She served as Era’s Vice President and Chief Accounting Officer from August 2013 till her appointment as Vice President, Acting Chief Financial Officer in June 2017. She joined Era as Controller in April 2012.
To remind, Bristow and Era merged earlier this 12 months, creating a brand new helicopter large.
“I’m excited for the chance to proceed to accomplice with my colleagues as we execute our technique round effectivity and money movement era”, mentioned Jennifer Whalen, Senior Vice President and Chief Financial Officer.
From August 2007 to March 2012, Whalen served in a number of capacities at nLIGHT Photonics Corporation, a provider of high-performance lasers, together with as Director of Accounting. Prior to those roles, she served because the Manager of Accounting at InFocus Corporation for over two years.
After serving within the U.S. army, Whalen began her profession in public accounting within the assurance apply group at PricewaterhouseCoopers for 5 years.
Bristow additionally introduced on Wednesday that on 16 September 2020 its board of administrators accepted a brand new $75 million share repurchase program.
The program is anticipated to be funded utilizing money readily available and money generated from operations. The repurchase program doesn’t require Bristow to amass any particular variety of shares and could also be terminated or suspended at any time.
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