Wood Group creates new chief strategy officer role

(Sharecast News) - Consulting and engineering business Wood Group has created a new executive role of chief strategy officer to look after things like sustainability and corporate development. The company, which works exclusively in the energy and materials markets, has appointed into the CSO position, Jennifer Richmond, who joined the company in 2022 as executive president of strategy and development following a 19-year career at American engineering services firm Jacobs.

Over the past two years, Richmond is said to have been instrumental in the development and execution of the company's three-year growth strategy, with a "strong track record of delivering transformational growth", according to Wood's chief executive Ken Gilmartin.

Richmond, who will be based in Houston, Texas, will be responsible for safety, sustainability, corporate development, marketing and communications, IT, quality, supply chain, security and travel.

The CSO's new remit "will ensure that we are laser-focused on keeping our 35,000 people safe, accelerating sustainable growth in energy and materials, enhancing the quality of our business and realising further value for our stakeholders", Gilmartin said.