Duncan Eley became CEO of Polarcus Ltd. effective immediately, replacing Rod Starr, who resigned after the completion of the two-year restructuring, refinancing and reorganization, Polarcus said March 17.

Eley, who became the COO in May 2013, has more than 18 years’ experience in senior management in the seismic industry.

Polarcus said that for the near term, the COO position will be eliminated to better align with current market conditions.

Eley worked with 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 earned a master’s of business administration degree from Erasmus University in Holland, and also earned two bachelor’s degrees from Monash University in Australia.

Starr joined Polarcus in February 2015 and will continue working with the executive management team and Polarcus' board of directors for a transition period during the second quarter of 2017.