Aberdeen Businessman Appointed To Romar International Board

By MarEx 2011-03-23 11:27:15

Grampian Industrialist of the Year 2009 George Yule has joined the Board of Aberdeenshire-based Romar International as executive Chairman and will lead the company’s growth across the global oil and gas sector.

Formerly CEO of Dominion Gas, where he led the company through an MBO in 2007 and two follow-on acquisitions, Mr Yule will join co-owners Robbie Gray and Martin McKenzie as a shareholder in Romar International.

Mr Yule said: “This is a terrific opportunity for me to join an established SME with an impressive track record. The company has a firm focus on international growth, having already built a strong reputation as the market leader in the North Sea drilling fluids and magnetic separation sectors.”

Romar International, with a turnover in excess of £2million, provides magnetic separation products and services to operators and drilling contractors. Romars’ patented range of magnetic systems are the only products of their kind currently available to the offshore oil and gas drilling market.

“The oilfield drilling sector is where I’ve spent the bulk of my career and I’m impressed by the existing Romar technologies and its program of future technology developments, and look forward to adding further value to Romar and delivering a broader global client base for the company alongside Robbie and Martin”, continues Mr Yule.

Yule is also a director of Subsea UK and Aberdeen and Grampian Chamber of Commerce. Away from his various business interests, he is the chairman of Aberdeen Sports Village and also corporate patron of local children’s charity Befriend a Child.

The University of Aberdeen recently recognised Mr Yule’s on-going contribution by appointing him to an Honorary Fellowship in the College of Physical Sciences. Mr Yule provides support and advice to academics regarding interface with industry needs and  also provides help and advice to students.

Commenting on Mr Yule’s appointment at Romar International,  commercial director Robbie Gray said: “George is a well known and highly regarded figure in the business community locally and also across the wider oilfield industry. It is vital to the continued growth of Romar to attract people of his calibre, experience and track record, who can help take the company to the next level of success on a global scale.”

Romar International currently employs six people who are based at the company’s headquarters near Newburgh, Aberdeenshire, and expect their planned growth will create further employment opportunities locally and overseas. The company is already on the lookout for larger premises in the Aberdeen area to cope with an increasing equipment inventory and ongoing demand for workshop facilities. The company has international representation in Europe, Africa, Asia Pacific, India and USA.