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Industry veteran to take over as firm's new chairman; APPOINTMENT.

Wood announced the appointment of a new chairman yesterday.

Industry veteran Roy Franklin will take over the role from former SSE chief executive Ian Marchant, who has been chairman since May 2014, on September 1.

Mr Franklin has been a non-executive director and the senior independent director of Wood since October 2017, having been appointed following the company's PS2.2 billion takeover of Amec Foster Wheeler (AFW).

He had previously been a director of AFW, since January 2016, in a career spanning more than 40 years as an executive in the oil and gas industry.

His CV boasts 18 years at BP, latterly as head of mergers and acquisitions, BP Exploration, after which he was group managing director of Clyde Petroleum and then chief executive of Paladin Resources until 2005.

Since then, he has served on a number of international energy boards in non-executive roles and was chairman of Keller Group until September 2016.

He is currently chairman of Premier Oil and deputy chairman of Equinor.

Mr Franklin said: "I am delighted to have the opportunity to chair the Wood board following Ian's departure.

"Ian has provided an outstanding contribution to Wood during a period of transformational change for the business.

"I look forward to working with Robin (Watson) and his executive leadership team to achieve continued success and sustainable growth for Wood over the coming years."

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Title Annotation:Features
Publication:The Press and Journal (Aberdeen,Scotland)
Date:May 10, 2019
Words:231
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