RNS Number : 5607O

Fisher (James) & Sons plc

13 June 2022

13 June 2022

James Fisher and Sons plc

CEO Update

James Fisher and Sons plc (FSJ.L) (the "Group"), the UK's leading marine services company, announces that Eoghan O'Lionaird intends to step down as Chief Executive Officer once a successor for his position has been appointed. A search for Eoghan's replacement is in progress and Eoghan has agreed to stay in post until a smooth transition of responsibility to his successor has been effected.

Angus Cockburn, Chair, said:

"On behalf of the Board, I would like to thank Eoghan for his service and considerable contribution to James Fisher. The Group has an experienced management team which is tackling the challenges faced by the business and the Board believes that a solid business will emerge to build on the opportunities offered by the energy transition. The Board remains committed to its strategy of driving recovery in revenue and profitability, exiting non-core businesses and reducing debt during 2022."

Eoghan O'Lionaird, Chief Executive, said:

"It has been a privilege to serve as CEO of James Fisher and to help steer the Company through what was one of the most challenging periods in our history. I am proud of what we have achieved on setting course to become a purpose-led, values driven company, committed to serving all our stakeholders, and I'm confident that the Group's best days lie ahead."

This announcement contains inside information. The person responsible for making this announcement on behalf of the Company is James Marsh (Group General Counsel and Company Secretary).

For further information:

FTI Consulting Richard Mountain 0203 727 1340

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(END) Dow Jones Newswires

June 13, 2022 02:00 ET (06:00 GMT)

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