Lamprell appoints new chief exec

Oil and gas rig contractor Lamprell yesterday named industry veteran James Moffat as its new chief executive, ending speculation over who would take the reins after Nigel McCue stepped down in October following a string of profit warnings. Moffat will join the firm from 1 March next year, having spent the last 16 years at KBR Group. Peter Whitbread will continue to act as interim CEO until then.