FT - Stephen McCaffrey appointed Essar chief financial officer

Essar Oil (UK) Limited, which owns and operates the Stanlow Manufacturing Complex, has boosted its executive leadership team with the appointment of Stephen McCaffrey as chief financial officer.

The company describes him as highly experienced in the oil and gas, renewables and infrastructure sectors, with specialist expertise in financial control, business development, strategic planning and working capital and project finance management and implementation. Having spent 13 years at Greenergy, the last four as CFO, he has a detailed understanding of the UK downstream industry.

Most recently CFO at Avenir LNG Limited, he has also previously held roles with the BOC Group, Merrill Lynch and PWC. He holds a degree in business (accounting and finance) and is a Fellow of the Institute of Chartered Accountants of Australia.

Essar chief executive officer, Stein Bye, said: “This is an important and strategic appointment for the company, with Stephen bringing with him a wealth of experience at the very highest level. The year ahead will be key to our long term sustainability as we look to recover from the effects of Covid-19 and transform our business to meet the demands of a low-carbon economy and deliver the energy solutions of the future for the UK.”