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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

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.

(Photo: http://photos.prnewswire.com/prnh/20130501/DA04949)

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

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,952.64 -131.16 -0.77%
S&P 500 1,978.04 -9.94 -0.50%
NASDAQ 4,448.5510 -23.5570 -0.53%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs