Lamprell appoints John Malcolm as chairman

Oil services group Lamprell announced the appointment of John Malcolm as non-executive chairman later this month following the planned retirement of John Kennedy.

Lamprell said Malcolm's "strong industry experience and deep knowledge of the company" made him an excellent candidate for the role.

Kennedy said: "On behalf of the board I would like to welcome John Malcolm as the new Lamprell chairman. John takes over the role at an important time for the company as it navigates through the continuing industry downturn. We are pleased to have someone with the right skills, industry knowledge and deep understanding of the company from within the board to assume the crucial role of chairman. John Malcolm is an experienced leader with a proven record of accomplishment in the oil and gas industry and I wish him and the rest of the board all the best for the future."

Kennedy will continue as non-executive chairman and director until he retires on 20 September 2017.

At 1515 BST, the shares were down 1.8% to 98.25p.