Topaz Energy and Marine, a leading international offshore support vessel owner with key operations in the Middle East, Caspian and West Africa, has appointed Jay Daga as chief financial officer, with immediate effect.

Daga has been with Topaz for 15 years, holding a number of finance positions of increasing responsibility, most recently as deputy CFO, said a statement.

He successfully led Topaz’s two latest capital raising initiatives being the company’s $350 million corporate bond issue in 2013 and its recent US$75 million equity injection by Standard Chartered Private Equity, it said.

The firm also confirmed the departure of chief operating officer, Roy Donaldson. Geoff Taylor will act as interim COO while a search for a permanent successor is undertaken.

René Kofod-Olsen, chief executive officer of Topaz, said: “At Topaz, we take pride in nurturing in-house talent and developing great leaders. Jay has, through his dedication, strategic orientation and results-focused approach, consistently demonstrated the qualities that we value at Topaz. I’m delighted to confirm Jay’s appointment as CFO and look forward to benefiting from his contribution as we continue to grow our company.

“I would also like to express appreciation to Roy for his many years of service and thank Geoff for stepping in as interim COO.” - TradeArabia News Service