WOOD GROUP has promoted one of its senior UK managers to be chief executive of its global PSN business.
Dave Stewart, currently managing director of PSN’s UK operation – which provides engineering, construction and project management services – will step up in May, replacing Robin Watson, who will become Wood Group’s chief operating officer.
Watson said: “Dave’s achievements during his time with Wood Group PSN are testament to his passion and commitment towards the company.”
In 2014 PSN’s North Sea business achieved more than $1.5 billion (£970 million) in sales, accounting for 40 per cent of the division’s overall revenue.
Stewart said PSN was “leading the charge in terms of understanding the measures required to safeguard the future growth of the industry globally”.
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