Steve Nicol has been appointed as chief financial officer at Wood Group PSN (WGPSN) and will move from the same role at Wood Group's UK division.

In his new position, Steve will focus on supporting the company's growth plans and look to deliver efficiencies across the business. Last year, the group announced a 20% cut in rates paid to N. Sea contractors.

Nicol succeeds David Kemp in the role of CFO of WGPSN. Kemp will take up the post of CFO of Wood Group following the retirement of Alan Semple in May this year.

Nicol has more than 17 years' oil and gas experience, joining the business in 1997. He has gained in-depth experience of reporting, auditing, mergers and acquisitions, and financial management and has been a key member of the WGPSN UK management team.

Meanwhile, the Aberdeen-based head of Shell Upstream, Europe, is moving on to a new role within the company after five years at Nigg.

Glen Cayley – who took a post-grad degree in petroleum geology from Aberdeen University – will be succeeded as Shell Vice President UK and Ireland on March 1 by Paul Goodfellow.

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