ABERDEEN — John Wood Group Plc (Wood) has appointed Arvind Balan to the company’s board as CFO and executive director, effective April 15, 2024. He will be based in London.
Balan's election as a director will be subject to approval by the company’s shareholders at the AGM in May 2024. He will succeed David Kemp, whose intention to retire was announced on Aug. 22, 2023. Kemp will remain with Wood to ensure a smooth transition, and a further announcement will be made when the date of his retirement is known.
Balan has been CFO of the Civil Aerospace business of Rolls-Royce, the FTSE 100 aerospace and defense company, for the last two years. The Civil Aerospace business has annual revenue of about £6 billion ($7.2 billion) and employs about 18,000 people.
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. He is a chartered accountant and holds an MBA from the Indian Institute of Management.