Veteran North Sea boss joins Marex board

Energy industry leader Ray Riddoch has joined the board of the Aberdeen-based risk management consultancy Marex.

With a career spanning 40 years both in the UK and overseas, he is joining the business as a non-executive director.

Wayne Henderson, Marex managing director, said: “We are delighted to be welcoming Ray to the team.

“His industry experience and vision will help us build on our existing expertise and reputation as we continue to support our clients developing new opportunities in the energy and marine sectors.”

Background

Mr Riddoch stepped down as UK managing director of China National Offshore Oil Corporation International (CNOOC) last year, having led the business – previously Nexen Petroleum UK – for nearly five years.

He started his career as a mechanical engineer and, as well as having significant experience in operations and project management, he has held roles for extended periods in HSE, business development, human resources and technical auditing.

He was made an OBE - for services to the oil and gas industry - in 2018, and awarded the title of honorary doctor of technology by Robert Gordon University (RGU) the following year.

Opportunity

Commenting on his latest appointment, Mr Riddoch said: “Joining Marex at this point of the business’s growth is an exciting opportunity.

“The team’s focus on risk management in terms of its potential to drive performance and value is a refreshing and innovative approach.

“Combined with their decades of experience in providing reliable and efficient support, I am very much looking forward to being part of the next stage of their journey.”

Read the latest issue of the OGV Energy magazine HERE