Wood Group appoints Jade Moore as new CFO

(Sharecast News) - Aberdeen-based energy engineering and consultancy firm Wood has announced the appointment of a new chief financial officer, having been without a permanent head of finance for nine months. Jade Moore, a chartered accountant who most recently served as a director at ED&F Man Holdings, is to join the company with immediate effect.

She is said to bring significant experience of complex business transformations, financial restructures and M&A transactions across multiple sectors.

"Jade brings a rare combination of strategic insight and operational discipline, with a proven ability to deliver results in challenging environments," Wood's chief executive Iain Torrens said.

"Her leadership will be key as we accelerate performance and position Wood for the future."

Torrens had taken up the role of interim CFO in February after former finance lead Arvind Balan abruptly resigned following the revelation that he had misstated his professional qualifications.

Balan, who had described himself as a chartered accountant instead of a certified practicing accountant, had been in the role for just 10 months.

Wood shares were up 0.6% at 24.65p by 1041 GMT.