Lamprell execs face the axe

■ Three executives are to stand down from oil rig maker Lamprell after its fourth profit warning since the spring. Chief executive Nigel McCue is to stand down alongside chief financial officer Jon Cooper and chief operating officer Chris Hand. Former chief executive Peter Whitbread has been appointed interim chief executive, and will remain until a permanent replacement is found. Cooper and Hand will stand down as directors, but remain at Lamprell until suitable replacements are found.