Plexus Holdings, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP friction-grip method of wellhead engineering, announces the appointment of Lawrence P. Rucinski as president, North America, through his consultancy company Global Growth Partners, initially for a minimum 12 month period. Rucinski has over 30 years’ experience in the subsea oil and gas sector having held several senior level leadership roles between 1984-2015 building FMC Technologies into a market leading global provider of wellhead equipment and services.
Most recently, Rucinski held the position of director, sales and marketing for the Global Subsea business unit of FMC Technologies and will provide immediate added value to the company’s strategic planning, specifically in North America and Asia. This initiative is in line with Plexus’ expansion into the large and growing deepwater subsea technology sector through the recent launch of the company’s POS-GRIP Python Subsea Wellhead at Offshore Europe 2015. Plexus’ Python Subsea Wellhead is addressing key technical issues and safety requirements highlighted by regulators following the Gulf of Mexico incident in April 2010.
As president, North America, Rucinski offers expansive engineering procurement construction (EPC) systems solutions expertise, business leadership, and longstanding global relationships with oil and gas companies, which we anticipate will create commercial relationships in North America as Plexus begins to look at expanding its growing international presence into this important oil and gas region. In addition, Rucinski will specifically leverage his experience in Asia to support the Plexus Asian team in China, in conjunction with the company’s agreement with Chinese licensing partner Yantai Jereh Oilfield Services Group (Jereh), and Plexus’ shallow water subsea and crossover wellhead production system collaboration agreement between China Oilfield Services Limited, Red Subsea Technologies and Jereh. Rucinski will also support ongoing business with Petronas where Plexus secured a license through its local Plexus Products Asia company joint venture to manufacture and supply Plexus’ POS-GRIP wellhead equipment in Malaysia.
Image: Plexus Holdings