Energy services giant John Wood Group said bosses Mark Dobler and Robin Watson had joined the board as executive directors.
Mark Dobler is Chief Executive of Wood Group's GTS division and Robin Watson is Chief Executive of the PSN division.
In December the firm reported that it expects to deliver good growth this year, with overall conditions in energy markets remaining 'favourable'.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
However, Dobler's GTS arm was a cause for concern at the time, along with Engineering.
"Overall, performance for 2012 is anticipated to be in line with expectations," Wood Group said then.
"We anticipate further good growth in 2013 and remain confident in the longer term prospects for the group's market leading services in oil & gas and gas fired power generation markets."
But shares were hit by reports of mixed conditions in the Engineering and GTS divisions.
Credit Suisse said at the time that it had cut its Wood Group forecasts for 2013 and expected consensus forecasts to come down as well, largely on softer GTS profits.
MM
-
Cash in on the growth prospects of Europe's companiesOpinion Marcel Stötzel, co-portfolio manager of the Fidelity European Trust, selects three stocks
-
Is the AI boom another dotcom bubble?25 years on from the dotcom bubble bursting, is it time for investors to consider the sustainability of the AI boom in the stock market?
