Peter O'sullivan
Chief Executive Officer @ Penspen
About
Even though Peter Drucker did not actually say “Culture eats strategy for breakfast”, in my working life, I have seen poor cultures take a big bite. So, I lead by building positive cultures with strong values, purpose, and direction. To do this, I invest heavily in growing teams who can work together, collaborate, inspire each other, disagree, and even argue sometimes, but can ultimately align around a common way forward to achieve goals that create value. My experience in energy extends from the rig floor to the board room, from the well head to the fuel tank. I believe the traditional energy sector has a critical role to play in solving the climate crisis by helping build the large and complex sustainable energy infrastructure we need to reduce carbon emissions, whilst maintaining the security of existing energy supply so that our societies continue to function throughout the energy transition. My personal focus has been on building hydrogen and carbon capture infrastructure to ensure we will have the zero carbon molecules required to decarbonise our industry, transportation, and cities. New technology will deliver the unexpected step changes that improve how we run our businesses and societies to the benefit of all. I have inspired teams to build digital tools and platforms which deliver disruptive new services to help energy operators manage their assets more effectively and sustainably, and to improve the efficiency and control of complex international businesses. The successes I have experienced in my career have taught me the value of persistence, the set-backs have helped me build resilience and perspective, and both have enabled me to find purpose in leading teams to seek and achieve great things.
United Kingdom
Greater London
Information Technology & Services
Leadership, Business Development, Performance Improvement, Team Building, Management Consulting, Strategy, Business Strategy, Acquisition Integration, Business Transformation, Corporate Development, Mergers & Acquisitions, Mechanical Engineering, Energy, Private Equity, Venture Capital, Due Diligence, International Business, Strategic Consulting, Strategic Planning
Experience
Chief Executive Officer
Penspen
150 Holborn, London
When I joined Penspen as CEO, the company had a great engineering history and reputation based on its long experience around the world since the ‘50s but needed new direction and energy to respond to declining revenues and margins in its core markets. I started by introducing a strong focus on delivering results across the business through improved objective setting, business controls and performance reporting. I restructured the company to improve its financial performance by closing unprofitable business units and removing a significant amount of overhead costs. I implemented best practices for project and knowledge management to improve quality and productivity in our work and have streamlined and digitised our management processes to support lean operations. This has improved profitability by a factor of 3. To achieve this, I have made root and branch changes to the organisation. I have built a motivated and highly capable leadership team who share my conviction that engineers have a critical role to play in the future of energy. We have created a culture of performance and respect based on our core values which makes Penspen a great place to work. With this high-performing team, I have pursued a growth strategy with a purposeful focus on improving access to secure and sustainable energy for the communities in which we work. Through greater focus on our core clients and markets, we have grown the business by over 50% in the last five years. Building on our great track record of designing natural gas infrastructure, we are now also helping these clients on their energy transition journey by developing hydrogen and carbon capture infrastructure. We have also developed digital, cloud based engineering services to enable our clients to deal with the challenges of aging infrastructure, increasing operating costs and scarce resources.
Executive Committee Member
Sidara
Dubai, United Arab Emirates
Chair of the Risk & Compliance Committee Chair of the Energy Transition Taskforce
Chief Operating Officer
Caithness Petroleum Ltd
Senior Associate
Booz Allen Hamilton
2005 Professional Excellence Award
Consultant
Accenture
Oil & Gas Field Engineer
Solar Turbines
Robotics Research Assistant
University College Dublin
Education
INSEAD
The University of Edinburgh
Cognitive Science and Natural Language
Graduated with Distinction Scholarship from Economic & Social Research Council
University College Dublin
Mechanical Engineering
Graduated with 1st Class Honours Institute of Mechanical Engineers Final Year Project Award UCD Mechanical Engineering 3rd Year Scholarship UCD Mechanical Engineering 2nd Year Scholarship
Peter O'sullivan's Contact Information
Phone
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