The newly-created role will be instrumental in ensuring operational efficiency as the business targets its next stage of growth, having recently been listed on Scotland’s Fast Growth 50 Index 2024.

Shaw brings with him over 30 years of financial leadership across the energy and marine industries and investment banking including previous CFO roles at Swire Energy Services and Ocean Installer.

At MDL, he will be responsible for strengthening the company’s financial structure and planning, ensuring compliance with statutory law and financial regulations, and contributing to strategic planning, decision-making and problem-solving, to position MDL for continued growth and expansion in both traditional and renewable markets.

Derek Smith, MDL CEO, said: “This appointment reinforces our commitment to strengthening MDL’s leadership in key areas of the business, priming the company to seize opportunities in a dynamic and rapidly changing market.

“By leveraging Martin’s extensive expertise in financial strategy, governance and operational efficiency, we’re well-positioned to continue our growth trajectory, delivering innovative, cost-effective solutions to our clients worldwide.

“His appointment aligns with our strategic vision to improve the efficiency of our ongoing operations, as well as enhancing our capabilities in emerging sectors, helping to drive our vision of being at the forefront of sustainable energy solutions.”

Mr Shaw said: “I am delighted to be joining MDL. The company has a fantastic reputation within the energy industry and I look forward to supporting its ambitious growth plans, and increasing diversification into new markets.”

MDL has also expanded its board with two new director appointments, with Aleksandra Jurczak moving into the role of director of strategy & marketing and Ramsay Keay joining as project director.