Gulf Marine completes search for new CFO

Gulf Marine Services has appointed Stephen Kersley as chief financial officer, ending the company's search for a new finance chief.

Kerseley will take up his post and join the board on 9 June. He has more than 35 years in the energy industry, including 24 years at Royal Dutch Shell. Most recently, he was CFO at Tervita, a Canadian oilfield services business.

Gulf Marine had originally appointed Stuart Jackson as its next CFO in February but on 25 April it said Jackson had changed his mind because of family health reasons. The company, which provides support vehicles for the oil industry, has been through a turbulent period, replacing its chairman after breaching banking covenants.

Duncan Anderson, Gulf Marine's chief executive, said: "We are delighted to welcome Mr Kersley to GMS. Stephen brings a sound knowledge of corporate finance and strong industry experience."

John Brown has stayed on as CFO and is due to remain in post until 28 May.