Ferguson Marine, the historic Port Glasgow-based shipyard, has announced the appointment of Graeme Thomson as its new Chief Executive Officer.
Thomson will officially assume the role on 1 May 2025, succeeding interim CEO John Petticrew, who stepped down unexpectedly last month. This leadership change comes at a critical juncture for the state-owned shipyard, which has faced significant challenges in recent years.
Thomson brings over two decades of leadership experience in shipbuilding, construction, energy, and defence sectors.
He joins Ferguson Marine from Babcock International, where he served as Programme Director for the Royal Navy’s Type 31 frigate project. His extensive background also includes senior roles at Seaspan Shipyards, Ledcor, and BAE Systems.
Known for his expertise in managing complex projects and driving operational improvements, Thomson is expected to play a pivotal role in revitalising the shipyard.
Ferguson Marine has endured a turbulent decade marked by delays and cost overruns, particularly on its high-profile CalMac ferry projects.
The dual-fuel vessels Glen Sannox and Glen Rosa have been plagued by design issues and timeline setbacks since their contracts were awarded nearly ten years ago. While Glen Sannox has recently entered service, work on Glen Rosa continues, with delivery now anticipated later this year.
Thomson steps into his new role with a clear mandate: to stabilise operations, complete existing contracts efficiently, and secure new opportunities to ensure the long-term viability of Scotland’s last remaining commercial shipbuilder on the Clyde. Speaking about his appointment, Thomson expressed optimism about the future:
“Ferguson Marine is a cornerstone of Scotland’s rich maritime history and an important employer in Inverclyde. While the business has faced challenging times, I am committed to restoring its reputation by delivering world-class ships and fostering a culture of accountability and robust governance.”
Under Thomson’s leadership, Ferguson Marine aims to modernise its operations and position itself as a leader in global shipbuilding.
The shipyard is actively pursuing private sector contracts while preparing to begin subcontracting work on naval vessels for BAE Systems. These efforts are part of a broader strategy to diversify its portfolio beyond ferry construction.
Andrew Miller, Chairman of Ferguson Marine’s Board, welcomed Thomson’s appointment: “Graeme is a trusted and experienced leader with an excellent track record in shipbuilding and construction. His expertise will be instrumental in achieving our strategic goals and driving long-term growth.”
Deputy First Minister Kate Forbes also praised the move, emphasising the Scottish Government’s commitment to supporting the yard: “Mr Thomson’s leadership will be key to delivering our commercial strategy and ensuring that Ferguson Marine remains a vital part of Scotland’s industrial landscape.”
Founded in 1903, Ferguson Marine has been an integral part of Scotland’s maritime industry for over 120 years. Now under public ownership following its nationalisation in 2019, the shipyard is striving to overcome past difficulties and secure a prosperous future. With Graeme Thomson at the helm, Ferguson Marine is poised to turn a new page in its storied history.
