Wood Group PSN Appoints New CEO

Energy services firm Wood Group PSN has appointed Dave Stewart as its new CEO. Stewart was previously the firm's managing director of its UK operations.

Stewart has more than 38 years' experience in the oil and gas industry, joining Wood Group 17 years ago. Wood Group said that during this time Stewart was responsible for the establishment of its duty holder business and creating Wood Group PSN's industrial services capability through the acquisition of Pyeroy Group Limited in 2013.

In a statement, Stewart said:

"I am passionate about the company and committed to focusing on how we deliver collaborative, competitive and cost-effective solutions that enhance value for our clients in these challenging times. 

"WGPSN is leading the charge in terms of understanding the measures required to safeguard the future growth of the oil and gas industry globally, and I look forward to taking on this challenge."

Robin Watson, the current CEO of Wood Group PSN who will be taking up the role of Wood Group's chief operating officer in April, added:

"Dave's achievements during his time with WGPSN are testament to his passion and commitment towards the company and the wider industry. In 2014 WGPSN's North Sea business, led by Dave, achieved over $1.5 billion, accounting for 40 percent of Wood Group PSN's overall revenue. I look forward to working with Dave to further strengthen and grow WGPSN's global operations."

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