Replacement for Weller
Petrofac turns to BG for new CFO
Petrofac, the oil & gas facilities service provider, has appointed Alastair Cochran as chief financial officer, replacing Tim Weller who will leave the Group in October to take up a similar role at G4S.
Mr Cochran, 46, will join Petrofac from BG Group, where he was most recently Transition head of BG global strategy & business development overseeing the integration of BG Group following its acquisition by Royal Dutch Shell.
Prior to that he was was group head of M&A and corporate dinance at BG Group.
He is a chartered accountant who has 25 years’ experience and began his career with KPMG. He spent his earlier career in investment banking, including with Morgan Stanley and Credit Suisse, advising on a wide range of capital market and M&A transactions.
Rijnhard van Tets, Petrofac’s chairman, said: “We are very pleased that Alastair has agreed to join Petrofac. His broad range of skills encompassing corporate finance, treasury, risk and strategy, underpinned by his strong financial and commercial acumen, will be a key asset both in the business and around our Board table.”
Ayman Asfari, group chief executive, said: “I am delighted to be able to welcome Alastair to our Group. His impressive track record, combined with his comprehensive range of skills and thorough understanding of the oil and gas industry, will be an excellent fit for the business.
“I am looking forward to working with him as we begin a new chapter in Petrofac’s journey.”