Australian Duncan Eley takes CEO reins at Polarcus

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Marine seismic player Polarcus has appointed Monash University graduate Duncan Eley as Chief Executive Officer, replacing Rod Starr who resigned following a two-year period of restructuring, refinancing and reorganisation.
This was announced by the Dubai-headquartered company on March 17, with Peter Rigg, Chairman of the Board for Polarcus, commenting: “Rod has made a significant and transforming contribution to the company. He has created an executive team exceptionally well-qualified to continue the company’s development.
“Duncan has been responsible for many areas of strength within the company and is a natural successor. The Board is grateful to Rod for his contribution and for developing our current depth of executive talent. We shall continue to work with him through the transition and wish him every success for the future.”
Mr Eley has over 18 years of experience in the seismic industry in various senior management roles and was previously Polarcus’ COO since May 2013.
He previously worked for Schlumberger for 10 years supporting marine seismic operations in Europe, Africa and the Americas. Prior to joining Polarcus in 2009, Eley worked for a global strategy consultancy firm across the energy, transport and natural resources sectors.
Eley has a Bachelor of Science and Bachelor of Engineering from Monash University in Australia.
In 2006, he completed his MBA at Erasmus University in Holland.
Polarcus said Starr had successfully transformed the company, establishing a foundation for future success.
“Under his leadership, the company gained market share, reduced operating and overhead costs and created additional liquidity through reduced debt payments and a recent private placement of equity, the company said.

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