Gaylin Holdings names Perry Kennedy as new CEO

OFFSHORE and marine service company Gaylin Holdings has appointed a new chief executive, to be based out of the company's Singapore headquarters.

Perry Kennedy was named to the post in a statement on Wednesday, and will take office with immediate effect.

He joins from India's Chowgule Lavgan Yard, where he was CEO for two years.

Before that, he spent 12 years at GulfMark Offshore, capping his time there as group senior vice-president and chief marketing officer.

Mr Kennedy's predecessor at Gaylin was company co-founder Desmond Teo, who stepped down from the family business's top post on March 13, but will continue as a consultant.

Loss-making Gaylin recently went through a debt restructuring organised by Asian private equity firm ShawKwei & Partners, which saw the fund manager inject US$52 million for a 76 per cent stake in the company.

Managing director Kyle Shaw, who is expecting positive returns from Gaylin in the next five years, called Mr Kennedy "well respected in the industry" and added in a statement that the new CEO "has a track record of driving business change, modernisation, and sales and profit growth".