Mr Melvin joined READ in 2014 as chief financial officer and has over 15 years of financial management experience in medium and large global oilfield service providers. He is also a member of the Chartered Institute of Management Accountants and a graduate of the University of Aberdeen.

He replaces the previous CEO of READ Roy Martin who, after six years in the post, has moved to a new role as vice-chairman of the READ board.

READ now operates with a leaner senior leadership team of three, spearheaded by Bruce and comprising Alan Walsh, service delivery director, and Kevin Giles, global commercial director.

Mr Melvin said: “I am very pleased take up the position of CEO at READ. Working closely with Kevin and Alan, I believe our revamped senior leadership team can bring a fresh approach to managing the business globally and will improve the service we provide to oil and gas operators.

“Our focus during 2020 and beyond will be on increasing READ’s capability and capacity through further investment and continuing to deliver the best possible service to our customers, whilst upholding our high safety and service delivery standards.”