Malaysia’s Bumi Armada has named finance industry veteran Luke Targett as its new chief financial officer (CFO).

He will take up the post effective 29 October 2018 and assumes the post from Pierre Savy who has been the acting CFO since September 2016.

The FPSO specialist said Savy will remain with the group, taking on a new role that “continues to utilise his 30-plus years of experience” in the oil and gas industry.