The Board of KCA Deutag is happy to announce the appointment of Joseph Elkhoury as its new Chief Executive Officer with impact from 1 July 2019. Joseph takes over from Norrie McKay who has confirmed his intention to retire later this yr. Norrie will stay with the group in an advisory capability till 31 December 2019, working carefully with Joseph to make sure a clean transition.
Joseph brings with him 26 years of expertise in all kinds of operational and management roles within the oilfield providers business. Most notably he spent 21 years with Schlumberger Limited, initially becoming a member of the group in 1993 as a Wireline Field Engineer in Abu Dhabi. During his time there he held various senior positions and had duty for a number of of Schlumberger’s companies together with Microseismic Services, Production Services, Information Solutions and Global Supply Chain.
In 2014, Joseph left Schlumberger to affix inventory change listed oil and gasoline providers firm, Tetra Technologies, Inc. as its Chief Operating Officer and Senior Vice President, with a mandate to enhance its monetary efficiency and to construct a long run technique for the corporate. During his time with Tetra, profitability elevated considerably and transformation of the corporate was accelerated to capitalize on the rising US shale and different land markets.
Most not too long ago Joseph was an Operating Partner, specializing in funding alternatives within the power know-how sector, at Apollo Global Management LLC, one of many world’s largest different funding managers. He can also be at present Chairman of the Board of Express Energy Services, certainly one of its portfolio corporations.
In every of his senior management roles Joseph has demonstrated a robust consumer centered industrial acumen, and an excellent means to guide from the entrance, working together with his groups to set the technique and imaginative and prescient for the long run, with the goal of delivering long run worthwhile progress. He can also be extraordinarily centered on tactical execution and driving steady efficiency enchancment throughout an organisation, introducing value-add initiatives, and embedding a robust security and high quality tradition.
Originally from Lebanon, Joseph has a level in electrical engineering from the American University of Beirut. He has, all through his profession, labored in numerous nations world wide and has an distinctive understanding of working throughout and with totally different cultures.
KCA Deutag Chairman, Bob Ellis stated: “We are extraordinarily happy that Joseph is becoming a member of KCA Deutag. He brings with him a formidable vary of worldwide expertise and a deep understanding of the dynamics of our market which we imagine is crucial as we take KCA Deutag into the following section of its improvement.
“On behalf of the Board of Directors, I’d additionally prefer to take this chance to thank Norrie for the large contribution he has made to the enterprise since he joined KCA Deutag eight years in the past.
“Under his sturdy management the group has continued to flourish regardless of the worst downturn the oil and gasoline business has ever skilled. He has not solely led KCA Deutag from the entrance together with his unwavering drive to ship protected, efficient and trouble-free operations, however he has additionally spearheaded our profitable progress technique. This culminated within the acquisition of the Omani and Saudi Arabian companies of Dalma Energy in 2018, and the institution of Turan Drilling & Engineering, the group’s new three way partnership in Azerbaijan.”