The chief financial officer of Wood Group will step down from his current role, the company has said.
Alan Semple has been in a number of senior financial roles with the company for more than 19 years.
He has been the chief financial officer and a member of the board since 2000.
David Kemp, who is currently chief financial officer of WGPSN (Wood Group PSN) will succeed Alan in his role and join the board as an executive director.
Bob Keiller, chief executive officer of Wood Group said: “Alan is a trusted colleague and I’ve greatly valued his counsel and support in growing our business.
“I wish him well in his much deserved retirement. David has demonstrated great judgement, financial acumen and knowledge of both our business and the oil and gas industry, and will work with Alan to achieve an effective handover and to continue our focus on improving internal efficiency -I look forward to working with him in this new role.”
Mr Kemp will take up his new role in January.
Meanwhile, the board has also announced plans to create a new role of chief operating officer.
Robin Watson, currently chief executive officer of WGPSN, will be appointed to the role in the first half of 2015.
He will have responsibility for three strategic business units – Wood Group PSN, Wood Group Mustang and Wood Group Kenny.
The company said the timing of the move will be determined when a suitable successor has been picked for Robin’s current role.