This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Wood Group PSN Appoints New CFO

ABERDEEN, Scotland, May 1, 2013 /PRNewswire/ -- Wood Group PSN (WGPSN) has appointed a new chief financial officer (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.


Born in Thurso, in the Scottish Highlands, Mr 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 (GBP), Mr 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. 

As CFO of WGPSN's global business, Mr Kemp, an Aberdeen University graduate, 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.

Speaking about this appointment, Mr Watson said:  "David's operations and financial experience in managing large oil & gas portfolios, coupled with his entrepreneurial knowledge of the global trade and acquisitions market, makes him a highly skilled and respected financial professional.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 16,683.63 +211.26 1.28%
S&P 500 1,975.21 +23.85 1.22%
NASDAQ 4,752.7540 +44.9790 0.96%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs