Wood Group PSN appoints new CFO

5/1/2013

Wood Group PSN appoints new CFO

ABERDEEN -- Wood Group PSN (WGPSN) has appointed a new CFO. David Kemp joins Wood Group's largest division from Trapoil, an independent E&P company, where he was financial director. He replaces Duncan Skinner, who is retiring from the industry.

As CFO of WGPSN's global business, Kemp is responsible for all aspects of the company's finance, administration, commercial, IT, real estate and legal services. His appointment was effective April 15, 2013. He reports directly to WGPSN's chief executive, Robin Watson.

Kemp is a chartered accountant who started his career with Price Waterhouse (now PwC) in 1992. This preceded a decade with Amerada Hess in roles spanning operations, finance, commercial and planning in the UK. Following this, he led Simmons Co. International's exploration and production (E&P) team in Aberdeen, before taking up the role of CFO North Sea and Canada for Technip S.A.

In 2008, he founded Trapoil, alongside three other directors. He held the role of non-executive chairman for more than three years. In March 2011, when Trapoil floated on AIM, raising £60million, Kemp became financial director. He was responsible for leading the acquisition of Reach Oil and Gas, interests in the Athena field, and Knockinnon, Orchid and Trent East discoveries. During this time, the company also drilled four wells, making two discoveries.

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