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Wood appoints new COO as Dave Stewart bows out after 25 years

Wood COO
Wood has named Ken Gilmartin (right) as its new COO, replacing the outgoing Dave Stewart

Wood has appointed a new chief operating officer (COO) to replace long-serving incumbent Dave Stewart.

The current COO will retire at the end of 2021 following 25 years serving Wood.

The company has announced the appointment of Ken Gilmartin as the new chief operating officer, joining from Dallas-headquartered engineering group Jacobs.

Mr Gilmartin officially joined Wood today and will assume full COO responsibilities in Q4 as part of a managed transition process.

CEO Robin Watson paid tribute to the work of Dave Stewart over his career at the firm.

He said: “I’d like to put on record my sincere thanks to Dave for his contribution throughout an outstanding career at Wood.

“He played an instrumental role in helping to broaden the business across new end markets and, more recently as COO, his wisdom and leadership was key in putting in place the strong foundations for our Operational Excellence model which Ken will build on in the future.”

Mr Gilmartin spent 15 years at Jacobs where he held a variety of operational and project leadership roles.

Most recently he was executive vice president of the People & Places Solutions business where he held operational responsibility for more than half of Jacobs’ overall business portfolio.

Within Wood, he will have responsibility for “execution excellence, operational assurance and optimising and digitalising the way Wood delivers work to its global client base”.

Mr Watson said: “Excellent project execution and optimising the way we work, in an increasingly digital world, are at the heart of delivering best-in-class solutions for our clients.

“I’m delighted to welcome someone of Ken’s calibre as our new Chief Operating Officer and have every confidence that he will provide the leadership and rigour to enable us to deliver against one of our most important strategic priorities.”

Mr Gilmartin has spent more than 25 years in the industry, working across Europe, Asia, North America and the Middle East.

He said: “I’m delighted to be joining Wood at such an important point in the company’s evolution as the energy transition gathers pace.

“We are entering a new growth phase and I look forward to continuing the great work that has already started to build an operational platform that can deliver consistently excellent work for clients, create inspiring career opportunities for our people and generate improved shareholder returns.”

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