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Reshuffles at Cairn and Wood

Jann Brown of Cairn Energy is to join the board of Wood Group.
Jann Brown of Cairn Energy is to join the board of Wood Group.

The chief financial officer and managing director of Edinburgh’s Cairn Energy is to join the board of Wood Group.

Jann Brown, who has spent 16 years at Cairn, will stand down at the firm’s general meeting on May 15 before taking on her new non-executive director role at the Aberdeen-based energy services giant.

She will act as chairman of Wood Group’s audit committee and join the nomination committee.

Cairn’s deputy chief executive Dr Mike Watts will also leave the company after next month’s meeting.

Both agreed to continue in their roles until the AGM as a resolution is sought to the tax issues facing Cairn in India.

John Smith, former energy and power director at Rothschild, is taking over the role of finance director and will join Cairn’s board as an executive director following the duo’s departure.

The New Wood Group chairman Ian Marchant also confirmed non-executive director David Woodward will succeed retiring Allister Langlands as senior independent non-executive director at the company’s AGM on May 14.