OIL services giant Wood Group has promoted Steve Nicol to be the new chief financial officer of the division that helps firms run existing assets like production platforms.
Mr Nicol, 39, will move up to become chief financial officer of Wood Group PSN in February after heading the finance operation for the division's UK business. A chartered certified accountant, Mr Nicol has spent 17 years in the oil and gas industry and gained experience of reporting, auditing, mergers and acquisitions, and financial management. He joined PSN in 1997, some 13 years before the business was acquired by Wood Group. At the time of the takeover PSN was run by Bob Keiller who now heads Wood Group. Wood Group said Mr Nicol will focus on supporting the growth plans of the Wood Group PSN unit and look to deliver efficiencies across the business. Mr Nicol said: "Ensuring WGPSN continues to deliver collaborative and competitive services while operating efficiently across the business, will be my main focus." Mr Nicol will replace David Kemp, who will succeed Alan Semple as group chief financial officer following his retirement in May.
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules hereComments are closed on this article