Topaz Energy and Marine has announced the appointment of Jay Daga as chief financial officer, with immediate effect.
Daga has been with Topaz for 15 years, most recently as deputy CFO, and has successfully led Topaz’s two latest capital raising initiatives being the company’s $350mn corporate bond issue in 2013 and its recent $75mn equity injection by Standard Chartered Private Equity.
Topaz also confirmed the departure of COO, Roy Donaldson, who has been with the company since 2005, with Geoff Taylor will acting as interim COO whilst a search for a permanent successor is undertaken.
Taylor joined Topaz in 2013 as managing director, marine engineering, having previously worked as
CEO of Dubai Drydocks World.
“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,” René Kofod-Olsen, COO of Topaz Energy and Marine, commented.
“I would also like to express appreciation to Roy for his many years of service and thank Geoff for stepping in as interim COO.”
