Oct 4 Oil rig maker Lamprell said its chief
executive Nigel McCue had stepped down along with two other
senior managers, a day after its new chairman said he wanted to
make changes at the top in the light of the company's fourth
profit warning in a row.
Lamprell said on Thursday that McCue would leave the United
Arab Emirates-based company and that the company's chief
financial officer, Jon Cooper, and chief operating officer,
Chris Hand, would also leave once replacements had been found.
McCue's predecessor Peter Whitbread who was boss until 2009
will take on the top job on an interim basis, said Lamprell.
A spokesman for the company declined to comment on whether
McCue had resigned or not.
Lamprell has had repeated problems with a contract to
deliver two windfarm vessels, which has incurred spiralling
costs, and said on Wednesday that it had to defer revenues from
a separate construction project, as it announced its fourth
profit warning since the Spring.
The company's shares, which have plunged 74 percent since
the start of the year, were flat at 1428 GMT.