ProSep has announced an internal restructure and strategic reorganization as the company seeks to strengthen its position amidst ongoing industry challenges.

As part of the reorganization Patrick McCarthy, who was appointed to the board of directors 12 months ago, will assume the role of chief executive officer. Former CEO, Neil Poxon, will remain with the company to oversee the transition until the end of the year.

McCarthy has 40 years' experience in oilfield services, which have seen him serve at board-level for more than a decade, and as a senior officer for over 20 years at a number of international service companies. Under his guidance, these organizations experienced significant growth, with McCarthy playing a vital role in the development and implementation of expansion strategies through partnerships, acquisitions, diversifications and business development.

Tags: ProSep Inc.