Camco International Limited announced the appointment of Paolo Pietrogrande as a non-Executive Director to the Board of Directors and Chair of the Audit Committee with immediate effect. Mr. Pietrogrande is currently serving as Executive Chairman of 9REN Group and as a Board member of Ryanair.

The Board of the Camco International Limited announced the following management changes which will take place immediately. Scott McGregor currently Chief Financial Officer will become Chief Executive assuming responsibility for Group operations and strategy. Jeff Kenna currently Chief Executive will become Vice Chairman and will provide global policy advice to the group and its clients inputting into new business creation and the identification of new business fields. The Group is currently in the process of identifying a new CFO and will make an announcement in due course.

Camco International Limited said that the company is looking to make money through other means during the present poor market conditions. Jeff Kenna, CEO of Camco International, said the company is eyeing investment in clean energy projects to complement its existing business, which includes selling carbon offsets and advisory services. “We're reaching a plateau in our project portfolios and we can't really increase them. If something positive came out of Copenhagen we'd be more confident and look at investing in projects that have a life beyond 2012,” he said. The chief added that the company will look to make smaller acquisitions once the market started to recover, but it would not acquire rival EcoSecurities which is currently in takeover talks.