Balan, who joined Wood Group less than a year ago, said he’d made ‘an honest oversight’ by describing his professional qualification as a chartered accountant ‘instead of a certified practicing accountant’.
It marks a fresh blow to London-listed Wood Group, which has seen shares lose almost 65 per cent of their value in 2025 after issuing a profit warning last week.
But Wood Group shares fell 1.3 per cent to 23.94p in early trading, having fallen more than 80 per cent over the last 12 months.
The chief financial officer of under pressure oilfield services firm Wood Group has resigned after admitting to providing an incorrect description of his qualifications.
Separately, Wood Group said it had been awarded a $120million contract extension by Shell UK.
