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John Wood Group boss pledges growth as pressure mounts after share plunge

UK engineer’s chief executive Ken Gilmartin rules out switching listing to New York despite activist pressure
John Wood Group has faced pressure to sell itself as some investors believe it would have more flexibility to execute its recovery strategy as a private company

The boss of UK engineer John Wood Group has insisted the company can deliver growth and boost the share price after it plunged this month following the collapse of a second takeover bid in just over a year.

Ken Gilmartin, who has been chief executive at the group since July 2022, also ruled out moving the company’s listing to New York, despite pressure from a leading investor activist.

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