John Wood Group PLC (LON: WG) announced a significant leadership change, with Ken Gilmartin stepping down as Group CEO and Director.
The move comes as the company navigates a challenging period and prepares for a shareholder vote on the Sidara transaction. Gilmartin will remain in his role to ensure a smooth handover.
Iain Torrens, the current interim Group CFO, will assume the CEO position upon Gilmartin’s departure. Torrens brings over three decades of senior leadership experience from listed companies, including roles at TalkTalk Group plc and ICAP plc. His background includes strategic transformation and corporate governance.
Ready to put what you’ve learned into practice?
Try IG’s platform with £10,000 in virtual funds and practise trading
without putting your own money at risk.
Try IG with a demo account →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Learn the markets with IG Academy
Build your knowledge with IG Academy educational content, then use a
demo account to practise what you’ve learned on the IG platform.
Explore IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
See how trading works before risking real money
IG’s demo gives you access to thousands of markets and £10,000 in
virtual funds, so you can explore the platform and test your ideas first.
Open an IG demo →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Turn trading theory into practical experience
Learn with IG Academy, explore charts and market tools, and practise
strategies in a simulated trading environment before going live.
Start practising with IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Ready to take your learning further?
IG combines market education, analysis and an established trading platform,
giving you the tools to keep learning as you develop your trading skills.
Discover IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
A search for a permanent CFO is said to be underway, and further announcements regarding the appointment and the timing of Gilmartin’s exit will be made in due course.
The company faces the immediate task of delivering its full year 2024 audited accounts and half year 2025 results.
Roy Franklin, Chair of Wood’s Board, expressed confidence in Torrens’ ability to lead the company, citing his experience and leadership. Franklin also thanked Gilmartin for his service.
Torrens emphasized his commitment to supporting the company’s global team and strengthening client confidence. He highlighted the importance of driving performance and shaping a resilient future for Wood.
Searching for the Perfect Broker?
Discover our top-recommended brokers for trading or investing in financial markets. Dive in and test their capabilities with complimentary demo accounts today!
YOUR CAPITAL IS AT RISK. 76% OF RETAIL CFD ACCOUNTS LOSE MONEY
