Well-Safe Solutions appoints first-ever Chief Financial Officer to fuel continued growth

Alan McQuade assumed the CFO position in March, bringing with him nearly two decades of experience in a variety of senior and management positions in financial services and engineering sector roles.

Alan most recently spent five years with ICR Integrity Group as the company’s CFO, Chief Financial and Strategy Officer and latterly the Group’s Managing Director. Prior to ICR, he served as CFO for two of Acteon Group’s operating companies, with £100m+ combined revenue.

Earlier in his career, he was involved in financial due diligence, fundraising and financial restructuring exercises in support of international clients as part of the Transaction Services team at PwC.

Commenting on his new role, Alan said: “Watching Well-Safe Solutions go from strength to strength over the past few years has been inspiring and I’m thrilled to be joining the Well-Safe Solutions team at such a crucial time for its strategic growth.

“I am very much looking forward to working closely with the senior management team, investors and our stakeholders to ensure Well-Safe Solutions continues to capitalise on opportunities in the international energy transition sector.”

In his role as CFO, Alan McQuade will spearhead investor relations while helping to secure new funding and support the continued growth of the company.

Phil Milton, Chief Executive Officer at Well-Safe Solutions, said: “Alan’s considerable corporate finance and energy sector supply chain experience will be invaluable in delivering our international growth ambitions.

“Our commitment to international expansion is a key aspect of the business’ strategic five-year growth plan. Alan’s appointment is a pivotal moment in our journey to strengthen our position as a decommissioning market leader.”As well as being a Chartered Accountant, Alan holds a BCom in Business Studies with Accounting from the University of Edinburgh.

He joins a growing team at Well-Safe Solutions, with energy financial specialist Derek Leith being appointed to the Well-Safe Solutions board as Non-Executive Director in February 2024.

Read the article online at: https://www.oilfieldtechnology.com/special-reports/25032024/well-safe-solutions-appoints-first-ever-chief-financial-officer-to-fuel-continued-growth/