Mark Duncan has little to do with Nigeria, though he was one of the major figures in the negotiations for the JV in Tanzania with Everett Aviation. It will be interesting to see who replaces him, what impact this will have on the International Business Unit of Bristow and any future ventures with Everett. What is most interesting to me is that he is leaving at such short notice. Has anyone heard where he is going? He'll be gone before Bill Chiles. It's also interesting to see that his name has already been removed from the Bristow Group Inc.’s Senior Leadership Team page on the company website, though he is still listed as the director of the Other International Business Unit
4 Mar, 14
Bristow have filed the following statement with the US Securities and Exchange Commission:- On March 3, 2014, Mark B. Duncan, Senior Vice President, Commercial of Bristow Group Inc. (the “ Company”), made his decision to leave the Company effective March 8, 2014 in order to pursue other opportunities. Mr. Duncan and the Company are in the process of negotiating a Separation Agreement and Release to specify the terms of his departure from the Company with the benefits and compensation provided in connection therewith anticipated to be substantially consistent with the termination without cause terms set forth in his Amended and Restated Employment Agreement dated June 6, 2006, as amended March 10, 2008, and the Company’s Vesting of Awards Upon Involuntary Termination Without Cause Policy dated November 6, 2013.
Mr Duncan's profile on Bristow website reads:
Mark B. Duncan joined the company in January 2005 as vice president of global business development, and was promoted to senior vice president of global business development, in January 2006. In January 2008, Duncan became senior vice president, Western Hemisphere, and moved to his current position as senior vice president, Commercial, in December 2009. Prior to joining Bristow, he was commercial director in the deepwater floating production systems division of ABB based in Houston, Texas. Prior to this, he spent 18 years with the Halliburton/Brown & Root Group, mostly in the subsea sector where he filled various positions working in the North Sea, Brazil and several other international areas, ultimately holding the position of senior global vice president, commercial, for the Subsea 7 entity.
He's certainly done well out of Bristow:
Mark Duncan - Bristow Group Executive
Divisional Senior VP at Bristow Group
Age: 51
Reported Accumulated Compensation: $14,679,740
Total Annual Compensation: $1,724,114
2013 BIOGRAPHY
Mr. Duncan was promoted to Senior Vice President, Commercial in December 2009. He joined us in January 2005 as Vice President, Global Business Development. He was promoted to Senior Vice President, Global Business Development effective January 1, 2006 and to Senior Vice President, Western Hemisphere in April 2008. Prior to joining the Company, Mr. Duncan worked at ABB Lummus Global Inc. from 2002 to 2005. At ABB, Mr. Duncan served as Commercial Director in the Deepwater Floating Production Systems division, based in Houston, Texas. From 1985 to 2002, Mr. Duncan worked for the Halliburton/Brown & Root Group, mostly in the subsea sector where he filled various positions working in the North Sea, Brazil and several other international areas, ultimately holding the position of Senior Global Vice President Commercial for the Subsea 7 entity.
BRISTOW GROUP EMPLOYMENT INFORMATION
Position
Divisional Senior VP
Total Annual Compensation
$1,724,114
Percent Change in Compensation
19.6%
Tenure
2005 - Present
TOTAL COMPENSATION RANK
Total Annual Compensation
$1.72MILLION
Compensation Rank
#5,139
OUT OF 15,299 PUBLIC EXECUTIVES
OTHER EMPLOYERS
Company - Contango Oil & Gas Co. Position - Other Corporate Officer
Executive Tenure - 2005 - present. Total Annual Compensation $580,000
Total reported Compensation at Company - $4.76M
Compensation at Bristow Group
Compensation BreakdownCompensation Glossary
In 2013, Mark Duncan made $1,724,114 at Bristow Group as a Divisional Senior VP. His compensation changed 19.6% from the previous year. With this compensation, Mark Duncan made more than the average public executive and more than his executive colleagues at Bristow Group.
Mark Duncan's 2013 compensation is broken down as follows:
A $382,890 salary. This salary is slightly more than the average public executive's salary and more than the salary of other executives at Bristow Group.
$609,121 in restricted stock awards. This is more than the value of the average public executive's restricted stock awards and more than the value of the average Bristow Group executive's restricted stock awards.
$297,103 in option awards. This is more than the value of the average public executive's option awards and more than the value of the average Bristow Group executive's option awards.
$334,838 in non-equity incentive plan compensation. This is slightly more than the average public executive's non-equity incentive plan compensation and on par with the non-equity incentive plan compensation of other Bristow Group executives..
$100,162 in other compensation. This is more than the average public executive's other compensation and slightly more than the other compensation of other executives at Bristow Group.
COMPENSATION BREAKDOWN 2013
Salary $382,890
Restricted Stock Awards $609,121
Option Awards $297,103
Non-Equity Incentive Plan Compensation $334,838
+Other Compensation $100,162
Total Compensation $1,724,114
Source
Executives - Find the Company
I wonder how many non-managerial staff got a 19.6% increase in 'compensation' in 2013?
It's also interesting that Caverton is moving another AW139s into Nigeria and Bristow is ramping up for the introduction of the S76D and bringing in more S92s, while Atlantic is still talking about bringing in more AW139s. I wonder how the S76D will compare with the 139 in the real world? Personally, I don't particularly like either.
I know of a lot of unhappy employees in both Caverton and Bristow at the moment and there are a lot of AW139 opportunities outside of Nigeria. With what looks like a big commercial tussle coming up and both Bristow and Caverton having a big shake up in their middle/senior management teams in Nigeria it will be interesting to see how different things look at the end of 2014.
There will doubtless be many in the Nigerian helicopter community outside Aero/Atlantic Aviation/Jagal who have not heard of Shaf Syed. However, he is more than qualified to cause a lot of headaches to the other 'Nigerian' helicopter operators (as Aero, Pan African, Caverton, OAS, Nestoil and Atlantic are classed as indigenous companies, unlike Bristow whose Nigerian content and credentials are under increasing doubt). However, Shafiul Sayed has an impressive background in the airline industry and in Third and developing world countries. Here's his Linkedin profile before he joined Jagal as Regional Director:
CEO & Managing Director (Fixed Wing) Aero Contractors of Nigeria Ltd
Privately Held; 1001-5000 employees; Airlines/Aviation industry
July 2009 – December 2010 (1 year 6 months)
Accountable to the Board of Directors and shareholders, with overall strategic responsibility for the safety, direction, development and efficiency of the company.
Chief of Staff/Project Director BG Group
Public Company; 5001-10,000 employees; BG.L; Oil & Energy industry
August 2006 – July 2009 (3 years)
General Manager role responsible for all business services that support the main gas operations for BG in Egypt - including HR, Policy & Corporate Affairs, HSE, Security, IT, Contracts & Purchasing, Administration and Properties Management.
Area Manager, West Africa British Airways
Public Company; 10,001+ employees; BAY; Airlines/Aviation industry
April 2003 – July 2006 (3 years 4 months)
General Manager responsible for the airline's day-to-day and strategic management of its interests in West Africa.
Country Commercial Manager, Nigeria British Airways
Public Company; 10,001+ employees; BAY; Airlines/Aviation industry
May 2001 – March 2003 (1 year 11 months)
Responsible for all Commercial Activities related to British Airways' Operations in Nigeria.
UK&I Sales Account Manager British Airways
Public Company; 10,001+ employees; BAY; Airlines/Aviation industry
April 1998 – April 2001 (3 years 1 month)
Brands & Product Development Marketing Executive British Airways
Public Company; 10,001+ employees; BAY; Airlines/Aviation industry
October 1996 – March 1998 (1 year 6 months)
Responsible for the design and delivery of new product developments and brands’ initiatives, to enhance the customer experience on-board the aircraft. All initiatives required multi-disciplined teams to be set-up and success depended on the team effort.
Engineering Positions (Various)
British Airways
Public Company; 10,001+ employees; BAY; Airlines/Aviation industry
July 1992 – October 1996 (4 years 4 months)
Various roles covered including 747 Line Maintenance, Aircraft Support Workshops & Landing Gear Overhaul.
Sponsored Engineering Undergraduate
British Airways
Public Company; 10,001+ employees; BAY; Airlines/Aviation industry
September 1988 – July 1992 (3 years 11 months)
Thin-sandwich engineering degree programme, interspersed with training periods across British Airways Engineering.