CFO Semple to leave Wood Group; Kemp steps up
Wood Group has today announced that chief financial officer (CFO) Alan Semple will step down next year and will be replaced by David Kemp, CFO of Wood Group PSN. It is also creating the new role of chief operating officer.
By the time he leaves at the annual general meeting in May Semple will have held senior roles at Wood Group for more than 19 years. He has been CFO since 2000.
Kemp becomes deputy CFO on 1 January to ensure a smooth hand over.
Group chairman Ian Marchant said Semple had played “a significant role in shaping Wood Group into the company it is today”. He was involved in the flotation in 2002 and in the international growth of the business.
Bob Keiller, chief executive, described him a a “trusted colleague” whose counsel he had valued. His successor had demonstrated “great judgement, financial acumen and knowledge of the business and the industry.
The company said that Robin Watson, currently chief executive of Wood Group PSN, will take on the new role of chief operating officer. The post has been created in recognition of the group’s expanded operations. He will take responsibility for Wood Group PSN, Wood Group Mustang and Wood Group Kenny. The timing of his appointment depends on finding a successor. He has held his current position since 2013 and joined the board in January last year.
Keiller said the creation of the role was an exciting new phase for the company. He said: “By focusing on collaboration across the group we will create a stronger offering for our clients as well as achieving greater efficiencies in the way we operate.”