Gilmartin appointed Wood Group CEO
Engineering and consulting firm Wood Group has selected an internal candidate as its new CEO to replace the outgoing Robin Watson, the company announced June 12.
The new head Ken Gilmartin joined Wood as chief operating officer in August 2021. He previously spent 15 years with Jacobs, most recently serving as executive vice president for its people and place solutions business.
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Watson will step down from the Wood board of directors July 1, but will assist the leadership transition by taking an advisory position until September 30.
In response to his promotion, Gilmartin expressed enthusiasm for Wood's business and the growth opportunities he believes will arise from energy security-driven contracts, in light of the Ukraine war, as well as sustainability needs on the road to net zero.
Gilmartin said: "I joined Wood because I could see the great potential in the company, knowing the value of the skills and expertise required to deliver complex and critical projects, operations and consultancy solutions.
"In my short time with the business, I have been impressed by the quality of our people, and the strength of our culture and our client relationships, which provide strong foundations on which to build in the years ahead."
Rob Franklin, chairman of Wood Group, said Gilmartin possessed the "drive to lead the development of Wood's future strategy."
He added: "Ken has brought a wealth of industry experience and excellent strategic and leadership skills to Wood, and I am delighted that he will be our new CEO.
"He has impressed the board with the impact he has made over the last nine months, where he has brought clarity, structure and focus, and a strong client-centric mindset to the role, and by his drive to lead the development of Wood's future strategy."
Wood Group employs 40,000 professionals in more than 60 countries. In 2021 it reported revenues of $6.4bn, down 15.4% year/year, following a "challenging year" in which it battled mixed market conditions, project bottlenecks and operational difficulties related to COVID-19.