John Wood Group, the troubled Aberdeen-based engineering and consulting giant, announced on Monday the appointment of Jade Moore to the company’s executive leadership team as group chief financial officer, effective immediately.
“Based in London, England, Jade is a highly experienced senior executive with a proven track record of leading businesses through complex transformations, financial restructures and M&A transactions across multiple sectors, including trading, manufacturing, financial services and media,” said John Wood Group.
“She brings extensive experience in driving sustainable profitability and delivering strategic change in both public and private enterprises.
“Most recently, Jade served as Group Executive Director at ED&F Man Holdings, where she co-led the organisation through a period of record performance. Her earlier career includes senior leadership roles at Stemcor, EMI Group, and Terra Firma Capital Partners.
“Jade is a Chartered Accountant with the Institute of Chartered Accountants in England and Wales and holds a Master’s degree from the University of Cambridge.”
John Wood Group chair Roy Franklin said: “We are delighted to welcome Jade to Wood. Her financial expertise and experience in steering global organisations through complex change will be instrumental as we strengthen governance and deliver long-term value for our stakeholders.”
Wood CEO Iain Torrens said: “Jade brings a rare combination of strategic insight and operational discipline, with a proven ability to deliver results in challenging environments. Her leadership will be key as we accelerate performance and position Wood for the future.”
Moore said: “I am pleased to join Wood at such a pivotal time in its journey. The Company has a strong heritage and ambition for the future, and I look forward to working with Iain and the leadership team to contribute to building a stronger, more resilient business.”
On November 17, Wood shareholders finally approved a cut-price takeover by Dubai-based Sidara.
The Aberdeen firm said 89% of votes were cast in favour of Sidara’s 30p-a-share in cash offer, which values the Aberdeen company at roughly £207 million.
Wood Group was valued at around £5.3 billion in 2018, before the group became engulfed in protracted problems.
Last year, Wood had rejected a cash takeover proposal from Sidara worth about £1.4 billion or £2.05 per share.
Wood Group, one of Scotland’s biggest companies, employs more than 35,000 people in 60 countries.
Sidara is one of the world’s largest privately-owned architecture, engineering and consulting groups.