John Wood Group
PLC
LEI:
549300PLYY6I10B6S323
Chair Succession
John Wood Group PLC ("Wood") announces the appointment of
Roy Franklin as Chair of the Board
of Directors with effect from 1 September
2019.
Roy has been a non-executive director and the senior independent
director of Wood since October 2017,
having been appointed following the acquisition of Amec Foster
Wheeler plc (“AFW”). He had previously been a director of AFW since
1 January 2016. His appointment comes
after a process, using Korn Ferry as
search consultants, to identify a potential successor to
Ian Marchant, who has previously
indicated his intention to retire.
Roy has more than 40 years of experience as an executive in the
energy industry. He spent 18 years at BP, latterly as head of
M&A, BP Exploration, after which he was group MD of Clyde
Petroleum and then CEO of Paladin Resources until its acquisition
by Talisman Energy in 2005. Since then, Roy has served on a number
of international energy boards in non-executive roles and was
chairman of Keller Group PLC until September
2016. He is currently chairman of Premier Oil PLC and deputy
chairman of Equinor ASA, the current term of which will end on
30 June 2019.
As previously announced, the current Chair, Ian Marchant, will retire as a director
following Roy’s appointment. In addition, Jeremy Wilson will succeed Roy as senior
independent director.
Commenting on Roy Franklin’s appointment, Ian Marchant said: “Roy has made a significant
contribution to Wood as a non-executive director and our senior
independent director since his appointment in 2017. He brings a
wealth of experience and will provide valuable continuity and
support to Robin Watson in his
leadership of Wood. The Board of Wood is very pleased that Roy has
agreed to succeed me as its Chair.”
Roy 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
including, most recently, the acquisition of Amec Foster Wheeler.
My Board colleagues and I express
our sincere appreciation to Ian for his efforts and I look forward
to working with Robin and his Executive Leadership Team to achieve
continued success and sustainable growth for Wood over the coming
years.”
Notification authorised by:
Martin J McIntyre, Company Secretary