Marine tech firm OTAQ appoints CFO
Posted on June 29, 2020 by Alistair Hardaker
Marine technology firm OTAQ has appointed Matt Enright to the Board as Chief Financial Officer.
Enright, who joined the company in April 2020, replaces interim CFO Simon Walters.
The firm has 36 employees across four locations in Lancaster, Aberdeen and Ulverston in the UK and Puerto Montt in Chile.
Its marine technology portfolio includes an intelligent acoustic deterrent system, designed to protect marine-based aquaculture sites from predation, with multiple systems deployed in Scotland, Chile, Finland and Russia.
Enright qualified as a chartered accountant in 2003 with Baker Tilly (now RSM).
He brings experience of working with internationally focussed growth businesses across a range of industries and moved into the private sector in 2006 where he worked with owner-led and private equity-owned businesses.
Enright joined TRM Packaging as Finance Director in 2013, a specialist cardboard box manufacturer, helping to grow the business before playing a prominent role in the sale of the business to DS Smith plc.
Alex Hambro, Non-Executive Chairman, said: “I would like to acknowledge Simon’s significant contribution since the Autumn as Chief Financial Officer in the successful completion of the Hertsford and OTAQ deal.
“The transaction benefitted greatly from his experience. We wish Simon the very best for the future.
“OTAQ is an ambitious company with a strategy to further expand globally. We have a strong Board and Executive team committed to delivering our innovative products to the aquaculture and offshore industries which are embracing the benefits that applied technologies can bring to their businesses.
“We welcome Matt to the team and look forward to his contribution.”
Commenting on his appointment, Enright added: “I’m delighted to have joined OTAQ at such an exciting time and look forward to working with the team to help continue and build on the recent successes of the business.”