Wood Group has announced changes to its senior management team involving the CFO and COO roles.
Wood Group reports that CFO Alan Semple has advised the board that he intends to retire and step down from his current role and from the board at the company's annual general meeting in May 2015, at which time he will have held senior financial roles with Wood Group for over 19 years. Semple has been CFO and a member of the board since 2000.
David Kemp, CFO of Wood Group PSN, will succeed Semple and will join the board as an executive director following the 2015 annual general meeting. To ensure effective management of this change, Kemp will assume the role of deputy CFO from Jan. 1, 2015.
Kemp has over 20 years of experience in the oil and gas sector. He joined Wood Group as CFO of Wood Group PSN in 2013. Prior to joining Wood Group, he filled executive roles at Trap Oil Group, Technip, Simmons and Co. International, and Hess Corp., working across Finance, Mergers and Acquisitions (M&A), and Operations. Kemp is a member of the Institute of Chartered Accountants and holds an Honours degree in accountancy from the University of Aberdeen.
Recognizing the breadth of Wood Group's operations, and its longer-term growth potential, the board is also creating a new role of COO. Robin Watson, currently CEO of Wood Group PSN, is to be appointed COO during the first half of 2015 with responsibility for the three strategic business units – Wood Group PSN, Wood Group Mustang, and Wood Group Kenny. The timing of this move will depend on appointing a suitable successor for Watson in his current role. Watson became CEO of Wood Group PSN in 2012 and was appointed to the board on Jan. 1, 2013. He joined the business in 2010 and has over 30 years engineering and industry experience.
Watson joined Wood Group in 2010 and was appointed to the board on Jan. 1, 2013. Prior to joining Wood Group, he worked for Petrofac and Mobil Oil, working both in the UK and internationally. For more than 10 years, he has played an active role in some of the oil and gas industry's representative bodies, namely as a board member of Oil & Gas UK and Oil & Gas UK Contractors Council, and since 2011 has sat on the Scottish Business Board – a cross-industry leadership group chaired by the Secretary of State for Scotland. Watson is a chartered mechanical engineer, a fellow of the Energy Institute, and holds an Honours degree in offshore and mechanical engineering and a Master of Business Administration degree.