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Wood Group announces retirement of director

March 8, 2016
News

Wood Group announces that after serving on the board for nine years, David Woodward has advised that he intends to retire and step down from his current roles as senior independent non-executive director and Chair of the Remuneration Committee at the company’s annual general meeting in May 2016.

He shall not offer himself for re-election to the board.

Jann Brown will succeed David as senior independent non-executive director. Jann has been a non-executive director since 2014 and is Chair of the Audit Committee.

Jeremy Wilson will succeed David as Chair of the Remuneration Committee. Jeremy has been a non-executive director since 2011.

Ian Marchant, Chair, said ‘David is stepping down from the board having served nine years as a non-executive director, including 4 years as Chair of the Remuneration Committee. He has been a major influence in Wood Group’s development and he leaves with our best wishes for the future. I am grateful that Jann and Jeremy have agreed to step into the roles of senior independent director and Chair of the Remuneration Committee respectively and I know they will serve Wood Group well.’

Source: Oil Voice

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