International subsea inspection, repair and maintenance (IRM) group Harkand has appointed John Reed as its new chief executive officer as it embarks on the next stage of its ambitious growth strategy.

Reed, an industry veteran with more than 30 years’ experience in the offshore engineering and construction sector, will lead the development of the company as it drives forward with its target of growing turnover to $1 billion in the next five years.

Due to take over the reins in October, he replaces Nicolas Mouté who steered the group’s formation since inception and through the merger of Iremis, Integrated Subsea Services (ISS) and Andrews Survey following investment by Oaktree Capital Management and the acquisition of Veolia Marine Services. Mouté will move to another senior role within the group, to be announced later.

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