Wood Group appoints Arvind Balan as CFO

1st Nov 2023 08:14

(Sharecast News) - John Wood Group said on Wednesday that it has appointed Arvind Balan as its chief financial officer and executive director with effect from 15 April 2024.

Balan has been CFO of the civil aerospace business of Rolls-Royce for the last two years. Prior to this, he held a number of executive financial leadership roles at Shell, where he worked for 14 years across the UK, Singapore and China.

Balan is a chartered accountant and holds an MBA from the Indian Institute of Management. He will succeed David Kemp, whose retirement was announced in August.

Chairman Roy Franklin said: "We are delighted Arvind is joining us at an exciting time for Wood. His deep industry experience in energy and engineering businesses, coupled with his strategic financial leadership to deliver purposeful and profitable growth is a great fit.

"I know Arvind will be a strong addition to Wood's board of directors and the executive leadership team at a time of continued transformation for Wood. I also thank David for his years of service to Wood and wish him every success for the future."