Aquaterra Energy picks new financial director

Nick Hawkes, Aquaterra Energy's financial director

Aquaterra Energy, a global offshore engineering solutions provider, has appointed a new financial director as the company prepares for service expansion.

Aquaterra said on Tuesday that the new financial director, Nick Hawkes, would be based at the company’s headquarters in Norwich. He will be responsible for providing effective financial leadership and support to the business.

According to the company, Hawkes has more than four years of experience in the oil and gas industry and joins Aquaterra after spending nearly 20 years with Babcock International Group where he was the financial director for 15 years.

His appointment follows the announcement that Aquaterra was the first company to secure a multi-million-pound investment from EV Private Equity as part of its pledge in 2016 to invest $200 million in North Sea businesses with new technologies and high growth potential.

The independent private equity firm said at the time that it was seeking to invest between $10 million and $40 million in each company.

George Morrison, managing director of Aquaterra Energy, said: “Nick’s appointment marks an important development as the company shapes itself for future growth. His experience will bring important skills to our top management team.”

Commenting on his appointment, Nick Hawkes, added: “I joined the company because I saw a real opportunity to lead and support the growth of the business through the delivery of effective financial leadership and governance. I have 15 years of experience and skill to bring to what is a dynamic and expanding international company.”

It’s also worth noting that Hawkes joined the newly appointed chairman Alan Wilson and non-executive directors Mark Boyd and Gavin Prise, all of whom took up their posts following the EV investment deal.

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