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Other News

Aberdeen businessman gives away 30% of his firm for Christmas

Christmas arrived early for staff at Hunter Adams after founder Dean Hunter gave away 30% of the shares in his Aberdeen-based human resources (HR) consultancy. Mr Hunter, who founded the firm in 2011, was inspired to give away the stake in his business by Production Services Network (PSN), the oil and gas services firm at which he previously worked before it was taken over by Wood Group. He said: “We often say to our staff that it’s their company, but it doesn’t ring true when you hold all of the shares.


WGPSN appoints new CFO

Wood Group PSN (WGPSN) has appointed a new chief financial officer (CFO). Steve Nicol will take up the role, moving from his previous position as CFO of WGPSN’s UK operations. He succeeds David Kemp in the role who will become CFO of Wood Group following the retirement of Alan Semple in May this year.

Other News

Gallery: Part 3- Industry milestones 2014

In the final part of our 2014 round-up we take a look at the final few months of the year. In September, Professor Alex Kemp from the University of Aberdeen, predicted 99 new North Sea oil discoveries over the next 30 years. Mr Kemp used detailed financial modelling to set out “commercially viable” projects for the industry following the Wood Review.


Opinion: I’m in the wrong job

The decision by Wood Group PSN to chop the rates paid to its limited company offshore and onshore contract workers and freeze the pay of most onshore employees here in the UK comes as no surprise. Wood Group PSN is right to take a stand, especially on the issue of independent contractors, given the rates that they have been able to command over the past decade or so. OK, this is the second reduction that the group has sought to impose on the so-called IR35 brigade, bringing the total cut announced this year to approaching 20% for some.