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    FSJ   GB0003395000

JAMES FISHER AND SONS PLC

(FSJ)
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Delayed London Stock Exchange  -  11:35 2022-12-02 am EST
332.75 GBX   -2.42%
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James Fisher and Sons : Championing North American offshore wind with VP appointment 22 August 2022

08/22/2022 | 09:56am EST

22 August 2022

James Fisher Renewables and ScanTech Offshore champion North American offshore wind with VP appointment

Appointment signals company expansion into US market as country races to meet offshore wind energy targets by 2030.

Today, two James Fisher and Sons' (James Fisher) companies, James Fisher Renewables (JF Renewables), trusted technical and operations solutions provider to the offshore renewables industry, and ScanTech Offshore (ScanTech), leading service provider to the global energy market, announce the appointment of Barry Craig to Vice President Renewables - North America. The move will enable both businesses to support US offshore wind growth ambitions, by driving the identification of key strategic opportunities and local partnerships, in a bid to help accelerate the global energy transition.

The appointment is an integral part of the two companies' renewables strategy. For ScanTech it follows significant development of its existing product portfolio for the US, with its focus on adhering to the highest emissions standards for swift, compliant deployment. While JF Renewables, which has led the charge in construction and development of over 17 GW of offshore wind installed capacity in under 14-years, is primed to apply its supply chain expertise 'across the pond'.

Joining James Fisher and ScanTech 14-years ago as part of an acquisition, Barry has since worked in a variety of operations and project management roles. As he relocates to Boston this month, he will be bringing with him a wealth of experience in the integration and deployment of sustainable solutions for energy projects, such as bubble curtains, alongside his supply chain expertise for bolstering the burgeoning US offshore wind sector.

Wayne Mulhall, Managing Director atJF Renewablessays:

"With all eyes on the US as it races to meet its 30GW by 2030 offshore wind target, the timing of this appointment couldn't be better. Having established ourselves as a key player in the European renewables space, we are well placed to bring our learnings across the pond in support of a global transition towards cleaner energy.

"We are excited to enter this next phase of growth and are confident that with Barry at the helm, we can begin to grow market awareness in the region. This appointment marks an important first step to achieving our longer-term ambition of becoming fully embedded in-country to bolster the local offshore wind supply chain."

The urgency for accelerated project development in the US is growing amidst the backdrop of unique regulatory challenges such as the Jones Act and local content requirements.

Barry Craig, Vice President Renewables - North America comments on his role:

"We're entering the US at a pivotal moment; and I couldn't be more excited for what's to come. It is a fantastic opportunity for both ScanTech and JF Renewables to establish ourselves as serious players in the US market. In a region that takes local content very seriously, having boots on the ground will enable us to stay one step ahead when it comes to finding facilities, building relationships with local partners and establishing a base from which to recruit and grow - in step with industry demand."

Disclaimer

James Fisher & Sons plc published this content on 22 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 August 2022 13:55:05 UTC.


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Sales 2022 509 M 623 M 623 M
Net income 2022 13,5 M 16,5 M 16,5 M
Net Debt 2022 194 M 237 M 237 M
P/E ratio 2022 12,4x
Yield 2022 -
Capitalization 168 M 205 M 205 M
EV / Sales 2022 0,71x
EV / Sales 2023 0,65x
Nbr of Employees 2 568
Free-Float 66,4%
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Jean Bernard Vernet Chief Executive Officer
Duncan Kennedy Chief Financial Officer & Executive Director
Angus George Cockburn Non-Executive Chairman
Aedamar Comiskey Senior Independent Director
Justin R. Atkinson Independent Non-Executive Director
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