Subsea solutions company Kreuz Subsea has announced AJ Jain as CEO and Balaji Bhashyam as COO.
Jain brings over 25 years of executive industry experience to the role having held a number of leadership positions in the oil and gas industry across the globe.
His previous posts include managing director at Harkand Group where he was responsible for operations in North America and Africa. Harkand went into administration in 2016, the with North American business subject to a management buyout led by Jain, resulting in a new company Ethos Offshore.
Prior to Harkand, Jain was part of the senior management team at Dynamic Industries International responsible for international operations. He also held several senior executive assignments at Global Industries, including COO officer and SVP for Asia Pacific and the Middle East earlier in his career. Global Industries was acquired by Technip in 2011.
Balaji has been with Kreuz Subsea for the last two years as vice president, business development and corporate strategy. He has more than 25 years’ operational experience in subsea project management and engineering. He previously worked in senior operational roles for Technip in Asia Pacific, Global Industries and McDermott International.
The board of directors announced the appointments following the departure of former chief executive Kurush Contractor after nine years of service.
Kreuz Subsea employs around 250 people onshore and offshore in Singapore, Brunei and India and has projects currently underway valued at US$150million.
The company has three multi-purpose support vessels (MSV) and expects delivery of its new Kreuz Challenger DP2 MSV in November. It also has an extensive fleet of diving systems and work-class ROVs.
Jain says: "There are some exciting opportunities on the horizon including delivery of the new DP2 vessel, Kreuz Challenger, which will add exceptional quality to our specialized fleet. Kreuz Subsea was established in 2008.
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