SBM Offshore has nominated D.H.M. Wood as Management Board member and CFO.
In February, the company noted the intention of the current CFO, P.M. van Rossum, to retire after the Annual General Meeting (AGM) in 2017. The Supervisory Board assigned the Appointment & Remuneration Committee to lead the selection process for a successor and make a recommendation to the Supervisory Board. On August 10, 2016 the Supervisory Board nominated Wood at the recommendation of the Appointment & Remuneration Committee.
The company will hold an Extraordinary General Meeting (EGM) on November 30, 2016 where it will be proposed that Wood be appointed as a member of the Management Board for a period of four years until the 2021 AGM. During the EGM of November 30, 2016 van Rossum will step down as Management Board member and CFO.
Wood has worked at Royal Dutch Shell plc since 1993 in various financial and management positions, including as vice president of finance and planning exploration (at Shell Upstream International) and most recently as CFO of Showa Shell Sekiyu K.K. in Japan. He obtained his degree from Oxford University (Wadham College) and became a Fellow of the Chartered Institute of Management Accountants in 2006.
Wood will join the company on October 1, 2016.
SBM Offshore provides floating production solutions to the offshore energy industry, over the full product life-cycle.