Well-Safe Solutions appoints first-ever Chief Financial Officer to fuel continued growth

Alan McQuade, Chief Financial Officer, Well-Safe Solutions

Well-Safe Solutions has appointed its first-ever Chief Financial Officer as it continues to deliver its strategic growth plans throughout Asia-Pacific and Europe.

Alan McQuade assumed the CFO position in March, bringing with him nearly two decades of experience in a variety of senior and management positions in financial services and engineering sector roles.

Alan most recently spent five years with ICR Integrity Group as the company’s CFO, Chief Financial and Strategy Officer and latterly the Group’s Managing Director. Prior to ICR, he served as CFO for two of Acteon Group’s operating companies, with £100m+ combined revenue. Earlier in his career, he was involved in financial due diligence, fundraising and financial restructuring exercises in support of international clients as part of the Transaction Services team at PwC.

Incoming CFO Alan McQuade (right) with members of the Senior Executive and Management teams

Commenting on his new role, Alan said: “Watching Well-Safe Solutions go from strength to strength over the past few years has been inspiring and I’m thrilled to be joining the Well-Safe Solutions team at such a crucial time for its strategic growth.

“I am very much looking forward to working closely with the senior management team, investors and our stakeholders to ensure Well-Safe Solutions continues to capitalise on opportunities in the international energy transition sector.”

In his role as CFO, Alan McQuade will spearhead investor relations while helping to secure new funding and support the continued growth of the company.

Phil Milton, Chief Executive Officer at Well-Safe Solutions, said: “Alan’s considerable corporate finance and energy sector supply chain experience will be invaluable in delivering our international growth ambitions.

“Our commitment to international expansion is a key aspect of the business’ strategic five-year growth plan. Alan’s appointment is a pivotal moment in our journey to strengthen our position as a decommissioning market leader.”

As well as being a Chartered Accountant, Alan holds a BCom in Business Studies with Accounting from the University of Edinburgh. He joins a growing team at Well-Safe Solutions, with energy financial specialist Derek Leith being appointed to the Well-Safe Solutions board as Non-Executive Director in February 2024.

For additional information, please contact Sofiane Kennouche, Marketing and Communications Lead: sofiane.kennouche@wellsafesolutions.com

About Well-Safe Solutions

Well-Safe Solutions offers everything you need to carry out offshore and onshore well decommissioning safely, cleanly and efficiently. It is the industry’s first Tier 1 contractor exclusively focused on well decommissioning – from front-end engineering and design through to project execution and beyond. 

Founded in 2017 and now with 430+ employees, the company operates internationally from its Aberdeen, UK headquarters and Perth, Western Australia base. It offers bespoke engineering packages, subsurface basis of design solutions and a campaign-based approach to well decommissioning, maximising economies of scale to unlock greater time and financial savings. 

Three well plug and abandonment assets – the Well-Safe Guardian and Well-Safe Defender semi-submersible rigs and Well-Safe Protector jack-up rig – support cost-effective well decommissioning operations around the world. 

Well-Safe Solutions collaborates closely with its clients to realise decommissioning obligations as part of the transition towards net zero carbon emissions.

Website: https://www.wellsafesolutions.com/