RE: WORTH REPEATEDLY REPOSTING THIS SO EVERYONE SEES IT - Wood Group CEO letter to employee shareholders15 Nov 2024 16:16
CEO message for employee shareholders.
All,
As an employee who invests in Wood, I am writing to you following our recent trading update and subsequent market reaction which resulted in a fall in our share price.
Although I cannot immediately fix the frustration and disappointment that you are justifiably feeling, as your CEO, I want you to know this is something I feel personal responsibility for.
As an employee shareholder, I recognise the personal stake you have in our company’s success.
Your trust in Wood’s prospects is not lost on me and is something I will work hard to regain as we recover from the impact of this period.
Ultimately, I know that people believe actions and outcomes over words and so that is what we are focused on now, through:
• Close alignment across the ELT, Board of Directors and our advisors as we manage the initial response
• Supporting the timely completion of the independent review and any outcomes from that
• Ensuring the recovery of our Projects business unit, together with its successful transition to a more streamlined operating model.
Be assured our commitment remains on decision-making that delivers on our promises of a profitable, cash-generative business. That’s our focus and responsibility to all of our shareholders – and that includes you.
If you have any questions about your shareholding or the options available to you within your plans, you can find more information here or you can contact shareplan@woodplc.com for more information.
Thank you for being invested in our business on all levels. We simply could not do it without you.
Ken
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