REG - Wood Group (John)PLC - Board changes

John WoodAnnouncement

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RNS Number : 3784D  Wood Group (John) PLC  15 October 2025

Board changes

15 October 2025
 
           This announcement contains inside information

 

Board changes

John Wood Group PLC ("Wood" or "the Group") announces that Ken Gilmartin has
informed the Board of his intention to step down from his position as Group
Chief Executive Officer (CEO) and as a Director of the Board.

 

Ken will step down after the upcoming shareholder vote on the Sidara
transaction and until then will remain in post to support an orderly
transition.

 

Iain Torrens, currently the Group's interim Group Chief Financial Officer
(CFO), will take on the role of CEO with effect from Ken's departure.

 

Iain joined Wood's Board and Executive Leadership Team in February 2025. He
has over three decades of senior leadership experience across listed
companies, including Executive Director and Group CFO roles at TalkTalk Group
plc and ICAP plc. Iain has a strong track record in corporate governance,
strategic transformation and board stewardship. He was most recently Chairman
and Non-Executive Director of Praxis Group Ltd, a Guernsey-based financial
services firm, until October 2024. He is a Fellow of Chartered Accountants
Ireland.

 

A process is underway to identify a new CFO and further announcements will be
made in due course on that appointment and the timing of Ken's departure.

 

Roy Franklin, Chair of Wood's Board, said:

"We are pleased to announce the appointment of Iain as Wood's new CEO. Since
joining the company earlier this year, Iain has demonstrated experience,
leadership and decisiveness to guide the business through a very challenging
period. The Board is confident he is well-placed to lead the company into its
next chapter.

 

"On behalf of the Board and the company, I would like to wish Ken all the best
for the future."

 

Iain Torrens, Wood's CFO, said:

"It's a privilege to lead Wood and our exceptional global team of over 35,000,
who have remained committed to delivering for our clients through a difficult
period. My immediate priority is delivering our full year 2024 audited
accounts and half year 2025 results so we can move forward with clarity. I'm
grateful for the opportunity to support our people, drive performance, and
strengthen client confidence as we shape a resilient, growth-focused future
for Wood."

 

The terms of Ken's departure will be disclosed in accordance with section
430(2B) of the Companies Act 2006 in due course.

 

For further information:

Simon McGough, President, Investor Relations
            +44 (0)7850 978 741

Alex Le May / Ariadna Peretz / Nick Hasell, FTI Consulting           +44
(0)20 3727 1340

 

The person responsible for arranging the release of this announcement on
behalf of Wood is John Habgood, Group General Counsel and Company Secretary.

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