REG - Wood Group (John)PLC - CFO succession

John WoodAnnouncement

22/08/2023 07:15

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RNS Number : 9932J  Wood Group (John) PLC  22 August 2023

 

 CFO succession
 22 August 2023  This announcement contains inside information

 

John Wood Group PLC ('Wood' or 'the Group') announces that after ten years
with the business, David Kemp, Chief Financial Officer (CFO), has advised the
Board of his intention to retire as CFO. The process to appoint his successor
is now underway and David will remain in his role until a successful candidate
is in place.

 

David joined Wood in 2013 as CFO of the former Wood Group PSN business, which
is now part of Wood's Operations business unit. He joined the Board in January
2015 and was appointed CFO in May 2015.

 

Most recently, David has played an important role in the Group's response to
Covid, the transformational sale of Built Environment Consulting, and in
supporting Ken Gilmartin, CEO, in setting out the Group's new growth strategy.

 

Roy Franklin, Chairman, said:

"David has made a very significant contribution to Wood since joining back in
2013, helping to build a more diversified company and leading our financial
recovery over the last few years. On behalf of the Board, I would like to
thank David for his years of service and wish him every success for the
future."

 

Ken Gilmartin, CEO, said:

"I have really valued David's support and leadership since I joined Wood. In
the last year we have worked together to transform the company - a new
business model, facing growth markets, with a clear strategic plan. David
leaves Wood in a strong position to capitalise on the significant
opportunities in front of us. I sincerely thank him for that and wish him all
the best for the future."

 

David Kemp, CFO, said:

"In my ten years here, we transformed from a predominantly oil and gas
services business to the diversified company we are today. I know Wood is well
positioned for the future and I will give Ken and the Board all my support to
continue delivering on our strategy until my successor is in place."

 

 

 For further information:
 Simon McGough, President, Investor Relations  +44 (0)7850 978 741
 Alex Le May / Ariadna Peretz, FTI Consulting  +44 (0)20 3727 1340

 

 

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

 

 

Note

Once the date of David Kemp's retirement has been decided a further
announcement concerning the date will be made, and a statement concerning
particulars of remuneration payments in accordance with section 430(2B) of the
Companies Act 2006 will be released.

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