Catalist-listed Mooreast Holdings has announced changes to its senior management, according to a Dec 11 release.
The new changes, which take effect from Jan 1, 2025, are expected to reinforce the group’s efforts in accelerating business growth in the global offshore renewable energy sector, says Mooreast.
The re-organisation of senior management roles comes on the back of the group’s appointment of Erik Ellingsen as its CEO, with effect from Jan 1, 2025. Ellingsen will report to Mooreast’s founder, Sim Koon Lam, who will continue to play an active role as executive director and deputy chairman of the group.
Jaymes Sim, currently the head of commercial, is set to be redesignated as deputy CEO to support Ellingsen in overseeing group operations, strategic planning and execution of corporate strategies. Sim joined Mooreast 13 years ago, and has been active in corporate and strategic developments, including expanding commercial activities and service portfolio, adds the group.
Meanwhile, Barry Silver is expected to take over head of commercial, together with his current role as managing director at Mooreast United Kingdom & Ireland. Silver has over 24 years of experience in offshore energy markets, and is responsible for establishing Mooreast’s facility in Scotland.
Additionally, Hedy Tan, currently Mooreast’s financial controller, will be redesignated as head of corporate finance. In her new role, Tan is expected to oversee corporate finance activities including any merger and acquisition activities, as well as the establishment of any new overseas subsidiaries.
Sim Koon Lam, Mooreast’s founder, says, “In the past few months, we have strengthened our leadership while proactively grooming talents within the organisation. This senior management team will bolster Mooreast’s capabilities and drive our strategic transformation to capture new opportunities within the floating offshore renewable market.”
Shares in Mooreast Holdings closed flat at 11 cents on Dec 11.
