Topaz Energy and Marine, a leading international offshore support vessel owner with key operations in the Middle East, Caspian and West Africa announces the appointment of Jay Daga as Chief Financial Officer, with immediate effect, the company said in its press release.
Mr. Daga has been with Topaz for 15 years, holding a number of finance positions of increasing responsibility, most recently as Deputy CFO.
Mr. Daga has successfully led Topaz’s two latest capital raising initiatives being the company’s US$350 million corporate bond issue in 2013 and its recent US$75 million equity injection by Standard Chartered Private Equity.
Topaz also confirmed the departure of Chief Operating Officer, Roy Donaldson. Mr. Donaldson joined Topaz in 2005. Geoff Taylor will act as interim COO whilst a search for a permanent successor is undertaken. Mr. Taylor joined Topaz in 2013 as Managing Director, Marine Engineering. Prior to joining Topaz, Mr Taylor was CEO of Dubai Drydocks World.
About Topaz Energy and Marine
Topaz Energy and Marine is a leading offshore support vessel company providing marine solutions to the global energy industry with primary focus on the Caspian, Middle East, West Africa and Subsea operations in the North Sea and Gulf of Mexico. Headquartered in Dubai with 40 years of experience in the Middle East, Topaz operates a fleet of more than 95 offshore support vessels of an average age of 7 years. Topaz is a subsidiary of Renaissance Services SAOG, a publicly traded company on the Muscat Securities Market, Oman.