Renaissance Services SAOG has announced the appointment of Fazel A. Fazelbhoy as CEO of Topaz, the lead company of the group’s marine and engineering businesses.

Mr. Fazelbhoy had previously been heading the group’s ship repair business, NICO International, since 2002. Under his leadership, the business has grown from 300 to over 1700 personnel, with jobs being implemented in 42 countries and operating bases in four countries including Azerbaijan and Kazakhstan. The combined Sales revenue and profits of NICO International, have shown a four fold increase over the past four years. NICO International, was also the winner of the 2006 Seatrade Dubai International Maritime Award for Ship Building and Repair, and in 2007, the winner of the first ever Dubai Maritime EHS Gold Award. Previously, Fazel had built up the group’s oil & gas fabrication business, Adyard in Abu Dhabi, heading up the offshore EPC contracting capability and setting up its marine unit. A graduate of New York University, New York, USA, Fazel’s early career started with Honeywell Inc. with assignments in the US, UK and Saudi Arabia.
 

Renaissance CEO Stephen Thomas (l) congratulates Topaz CEO Fazel Fazelbhoy

Announcing the appointment, Renaissance CEO Stephen Thomas said “We have outstanding leaders and management teams throughout the group’s marine and engineering businesses. Fazel has the knowledge, skill, experience and spirit of enterprise to lead and support them in fulfilling the company’s growth ambitions”.

Echoing this sentiment, Fazel Fazelbhoy said “We have such a wealth of talent, energy and commitment throughout our group that it is a privilege for me to accept this challenge. Whilst we don’t underestimate the scale of the challenges ahead, we have set ourselves high goals, and it is our intention to exceed the expectations of our customers, our shareholders and all those touched by our business”.

Renaissance Services SAOG is an international services company listed on the Muscat Securities Market in the Sultanate of Oman, with a primary focus on providing safe, quality, efficient services to the oil & gas industry. Renaissance owns and operates a combined offshore support vessel fleet comprising of 61 vessels with another 13 vessels currently under construction. Renaissance has engineering businesses in oil & gas fabrication and afloat ship repair; and is a leading turnkey contract services provider, providing facilities management, facilities establishment, contract catering, operations & maintenance services. Renaissance employs over 10,000 people operating in over 16 countries.