New CFO Appointed by Global Marine

Global Marine Systems Limited, the UK headquartered world leader in subsea system engineering, installation and maintenance, has appointed Richard Fraser-Smith as its new Chief Financial Officer (CFO). He started in June 2015 and sits on the company’s board and leadership team.

Mr Fraser-Smith joins Global Marine with a wealth of relevant experience. Most recently he was European Finance Director at CH2M Hill, a US-based organisation that offers a diverse range of engineering consulting, design, project management and project delivery services. Some of the notable UK infrastructure projects to which Mr Fraser-Smith contributed during his time with CH2M included Crossrail, HS2 and Thames Tideway. Prior to that he was Regional Finance Director at Halcrow Group Limited, the company acquired by CH2M Hill in 2011.

“I’m excited about my role at Global Marine. I see it as a company which combines the knowledge that only such a vast heritage in subsea engineering can bring, with a commitment to innovation; a combination that presents significant opportunities for growth. I want to be a fresh pair of eyes; challenge the status quo in order to evolve the business.”

Originally a graduate in chemical engineering, Mr Fraser-Smith spent a year in the oil industry as a process engineer before moving into finance. He qualified as a chartered accountant with PwC in 1991 and has since taken on various roles in different industries for companies including Conoco, DuPont, PepsiCo, Walkers and Aramark.

“Richard sees himself as a front-facing business partner and a results-driven accountant, which is precisely the kind of CFO we were looking to appoint,” says Ian Douglas, CEO at Global Marine. “He clearly brings with him a wealth of corporate knowledge which, combined with his experience in operational finance and risk management, is certain to be of enormous benefit to Global Marine and assist with our plans for growth in our current key market sectors; telecoms and oil & gas.”

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