Wood has strengthened its leadership team with the appointment of Jennifer Richmond as the company's first Chief Strategy Officer (CSO).

The newly created role will combine and streamline a number of Wood's corporate functions to drive progress on the company's growth strategy.

Ms Richmond joined Wood in 2022 as Executive President of Strategy and Development following a near-two decade career at Jacobs.

The CSO will report to Ken Gilmartin, Wood's CEO, who said: "I am delighted to appoint Jennifer to the new role as Chief Strategy Officer.

"Jennifer has a strong track record of delivering transformational growth at Jacobs and has played a leading role in our strategic progress in the past 18 months.

"Jennifer's new remit will ensure that we are laser-focused on keeping our 35,000 people safe, accelerating sustainable growth in energy and materials, enhancing the quality of our business and realising further value for our stakeholders."

FTSE 100

The UK's flagship share index, the FTSE 100, was up 36-points at 8,176 shortly after opening this morning.

Brent crude oil futures were down 0.75%, trading at $87.55 a barrel.

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