SBM Offshore has appointed former Shell executive D.H.M. Wood as management board member and chief financial officer (CFO), to be effective in October.
On 10 February 2016, SBM announced the intention of the current CFO, P.M. van Rossum, to retire after the annual general meeting (AGM) in 2017. The Supervisory Board assigned the Appointment & Remuneration Committee to lead the selection process for a successor and make a recommendation to the Supervisory Board.
SBM will hold an extraordinary general meeting (EGM) on 30 November 2016 where it will be proposed that Wood be appointed as a member of the Management Board for a period of four years until the 2021 AGM. This means that during the EGM of 30 November 2016, van Rossum will step down as management board member and CFO.
Wood (British, 45 years) has worked at Royal Dutch Shell since 1993 in various financial and management positions, including as vice president finance and planning exploration (at Shell Upstream International) and most recently as CFO of Showa Shell Sekiyu K.K. in Japan, a company listed on the Tokyo Stock Exchange.
Wood has thorough industry knowledge, extensive international experience in finance matters including project financing, project control, M&A and management board experience as CFO of a publicly listed company. Wood will join the company on 1 October 2016.
Wood obtained his degree in Classics in 1993 at Oxford University (Wadham College) and became a Fellow of the Chartered Institute of Management Accountants in 2006.