This website is using a security service to protect itself from online attacks The action you just performed triggered the security solution There are several actions that could trigger this block including submitting a certain word or phrase You can email the site owner to let them know you were blocked Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page Arvind Balan said he decided to step down to minimize “distraction at this very pivotal time with our investors and lenders.” Balan’s description of himself as a chartered accountant instead of a certified practicing accountant represents a “bold embellishment,” according to Shawn Cole president of executive search firm Cowen Partners a CA is far more prestigious and is the gold standard for senior finance roles,” he said in an email CFOs are expected to be precise and truthful as their credibility directly impacts investor confidence and corporate governance,” Cole said The Wood Group’s release didn’t explain how Balan’s incorrect claims about his qualifications came to light or how the company missed the error A company spokesperson declined to comment The news comes just days after the Wood Group found itself in the spotlight over financial troubles. On Friday, the company forecast negative cash flow for another year, which triggered a 40% nosedive in its stock price The company is listed on the London Stock Exchange Balan took over the finance reins of the engineering firm in April 2024 following the retirement of his predecessor Balan served in finance leadership roles at Rolls-Royce and Shell A Wood Group press release announcing Balan’s appointment in October 2023 described him as a “chartered accountant” with an MBA from the Indian Institute of Management Balan said he decided to resign to minimize “distraction at this very pivotal time with our investors and lenders.” “I continue to believe in the long-term potential of the company and its people,” he said The company said it will make an announcement on Balan’s successor in “due course.” Get the free daily newsletter read by industry experts With the Trump administration embracing digital assets finance leaders need to get educated on the potential risk and reward of cryptocurrencies and stablecoins Five years after the COVID-19 pandemic amplified remote work’s possibilities worker bees aren't the only ones resisting the return-to-office call The free newsletter covering the top industry headlines by  EVENTFAQS Bureau Industry Watch | May 5, 2025 | Interview Raju Balan Temptation World Tour Taj Express Entertainers Connect WOW Awards Asia 2025 Raju Balan’s choreography has captivated audiences worldwide With over a decade of experience in the entertainment industry he continues to set new standards of creativity Known for his work in major Bollywood stage shows like Merchants of Bollywood and Temptation World Tour with Shah Rukh Khan Raju is a sought-after name in both the Bollywood and wedding choreography scenes As part of the 11th edition of Entertainers Connect @ WOW Awards Asia 2025 EVENTFAQS Media spoke with Raju to explore his journey What does being a part of the 11th edition of Entertainers Connect mean to you How do you see it leveling up your work and boosting your presence in the industry Being part of the 11th edition of Entertainers Connect is a true honour for me It’s like a recognition of the years of hard work it’s an opportunity to connect with like-minded artists This experience will give me the chance to share my journey with a wider audience exciting talents—pushing my work into the next level of creative expression and visibility What inspired you to choose this path as your profession And now that you’ve spent time in the industry what shifts or positive differences have you witnessed over time Dance found me long before I knew it could be a profession and I became determined to make dance my career constantly evolving with the ever-changing rhythms of the industry I’ve seen a positive shift: there’s more respect for dancers and choreographers now The industry has evolved with more platforms and an openness to diverse styles and cultural blends It’s truly heartwarming to see dance now being celebrated as an art form How do you stay relevant and innovative in such a dynamic and evolving entertainment industry Staying relevant is all about staying a student of the craft No matter how many years you’ve been in the game I also draw inspiration from my spiritual connection with Lord Ganesha and Lord Shiva who have always helped me stay grounded and inspired during challenging times or collaborations you’re aiming to explore I’m exploring the concept of storytelling through dance—something that merges cinematic visuals with soulful movement I’m looking forward to collaborating across borders and genres and I’m particularly interested in mentoring the next generation of dancers through curated workshops and shows One exciting project I’m working on involves a fusion of mythology and modern movement—a creative tribute to my spiritual roots and artistic journey What’s your go-to trick for winning over a tough crowd Do you have a mantra or phrase that you say to yourself before every performance and that’s my trick for winning over a tough crowd: being authentic I take a moment to close my eyes and¯ say a small prayer to Lord Ganesha and Lord Shiva My mantra is simple yet powerful: “Dance like it’s your offering.” It’s something that grounds me before every performance What advice or message would you give to aspiring artists My advice is simple: stay true to your art and trust the process and believe in something greater than yourself—whether it’s your intuition but it’s incredibly magical when your heart is truly in it Raju Balan has solidified his place as one of Bollywood's leading choreographers where his expertise brings unforgettable performances to life Raju is dedicated to merging creativity with professionalism aiming to redefine choreography in both the entertainment and wedding industries while mentoring the next generation of artists Catch Raju Balan at Entertainers Connect @ WOW Awards Asia 2025 where he’ll continue to inspire and elevate the world of choreography Choreographer Raju Balan shares his journey vision & passion as he takes center stage of Entertainers Connect at WOW Awards Asia 2025 by EVENTFAQS Bureau| Industry Watch| April 30 by Niddhi Sharma| Industry Watch| April 30 by Niddhi Sharma| Industry Watch| April 29 by EVENTFAQS Bureau| Industry Watch| April 29 EVENTFAQS Media is a muti-channel platform focussed on the events entertainment and experiential marketing industry Vidya Balan revealed that after years of battling her weight despite dieting and regular exercise she discovered that inflammation—not fat—was the true culprit behind her struggles Actor Vidya Balan has long been recognised for her talent and on-screen versatility she has also faced criticism and scrutiny over her body weight Balan revealed that after years of battling her weight despite dieting and regular exercise Balan found success by adopting an anti-inflammatory diet transforming her weight loss journey by focusing on her body’s unique response to certain foods and cutting back on exercise The actor explained that a chance meeting with Chennai-based nutritional group Amura Health introduced her to the concept of chronic inflammation as a hidden barrier to weight loss She was advised to follow an elimination diet targeting inflammation which not only brought her noticeable weight loss but also prompted her to rethink her views on exercise and dieting Balan shared how Amura Health helped her identify foods that ‘It is just inflammation; it is not fat’.” which are considered healthy and had previously been included in her vegetarian diet This revelation helped her switch to an anti-inflammatory diet that aligned with her body’s specific needs even without the rigorous workout routines she had maintained for years This shift in her routine was a drastic change from her earlier approach Balan shared that 2024 marked the first year she avoided exercise altogether she admitted that the shift in her body was evident without the need for strenuous workouts you are your slimmest,’ and I have not worked out all year,” she noted Balan’s journey highlights a broader health trend with chronic inflammation emerging as a key factor in weight management Research shows that inflammation can disrupt the body’s metabolic processes making weight loss challenging even for those who maintain a healthy lifestyle Chronic inflammation often leads to insulin resistance and can trigger a cycle where inflammation feeds further weight gain Hyderabad-based endocrinologist Dr Deepti Sahay told South First significantly contributes to internal inflammation.” release cytokines—immune-response chemicals these cytokines are produced in abnormal quantities low-level inflammation throughout the body.” persistent inflammation affects organs and metabolic functions The studies show that elevated levels of specific markers like C-reactive protein (CRP) and tumour necrosis factor-alpha (TNF-α) are frequently observed in individuals with higher body mass indexes (BMIs) indicating a correlation between these inflammatory markers and weight gain “The presence of these markers suggests a vicious cycle where inflammation perpetuates weight gain which in turn exacerbates inflammation,” she said Balan’s revelation about her experience with exercise also sheds light on the often misunderstood role of physical activity in weight management only to find her efforts undermined by chronic inflammation “I would not have believed it if someone had told me last year impairing weight loss and affecting overall health Dr Sahay said that while moderate exercise is beneficial overtraining without adequate recovery can lead to a physiological stress response that triggers inflammation “High-intensity and prolonged exercise can stimulate the body’s stress response resulting in an increase in inflammatory markers excessive exercise can lead to persistent inflammation.” “While moderate exercise supports immune health overtraining can actually weaken the immune system making the body more susceptible to infections and inflammation excessive training disrupts hormone levels can lead to ongoing inflammation,” Dr Sahay added “By shifting focus from intense workouts to dietary adjustments a person can find a way to maintain their health,” she said Balan has long been outspoken about the pressures women face to conform to specific beauty standards and her journey opens up a broader conversation about body positivity and acceptance Balan noted the harsh societal judgments around body image and how they affected her self-esteem people put on weight for various reasons… our bodies express what we are going through emotionally,” she explained urging others to recognize and respect individuality encouraging people to look beyond conventional weight loss advice and consider more holistic Balan advocates for the importance of understanding what works uniquely for one’s body rather than following generalised health trends For those looking to manage inflammation and achieve sustainable weight loss Dr Sahay recommends a comprehensive approach that includes dietary changes Dietary changes: Anti-inflammatory diets rich in fruits and omega-3 fatty acids can reduce inflammation Avoiding processed foods and those high in sugar and saturated fats is crucial Exercise in moderation: While regular exercise is important moderation and recovery are essential to prevent exercise-induced inflammation Lifestyle modifications: Stress management techniques such as yoga and quality sleep can lower stress-related inflammation Published ${response.data.published_date} ⚊ Updated ${response.data.updated_date} Vidya struggled with societal expectations surrounding body image she often felt the sting of judgment as she was labelled as the "fat girl." This constant scrutiny affected her self-esteem causing her to associate her worth with her weight I have struggled to be thin,” Vidya admitted She recalled the exhausting cycles of dieting and intense workouts only to face the frustration of gaining back lost weight.  everything changed when she connected with a nutritional group in Chennai called Amura Health This meeting marked a pivotal moment in her journey as they educated her about the root causes of her struggles ‘It is just inflammation; it is not fat.’” This revelation was crucial; instead of focusing solely on calorie deficits and exercise she began to understand how her body reacted to different foods described as an "elimination of inflammation," became the cornerstone of her weight loss This approach involved identifying and removing foods that were not compatible with her body she discovered that certain vegetables like spinach and bottle gourd did not suit her This personalised nutrition plan allowed her to shed pounds without the relentless exercise that had once dominated her life Also Read: Ajay Devgn Reveals Eye Surgery After Injury on Singham Again Set; Do’s And Don’ts After Eye Surgery Vidya also addressed the stigma surrounding body image and the labelling of individuals based on their size She emphasised that terms like "fat" should not carry shame or abuse but I choose to use the word because there are thin people and there are fat people,” she said This perspective is empowering and highlights the need to move beyond body shaming to foster acceptance and understanding Also Read: Kartik Aaryan Opens Up About Work Burnout: Warning Signs Your Body Wants You To Notice Vidya’s experiences serve as a reminder that everyone's journey is unique She acknowledged the emotional aspects of weight gain and loss emphasizing that our bodies often reflect what we are experiencing internally people put on weight for various reasons,” she stated This acknowledgement is vital in fostering compassion and empathy toward others who may be struggling with similar issues Embracing Individuality Vidya’s transformative journey encourages people to embrace their individuality and recognize that there is no one-size-fits-all solution for health and wellness “No two people are the same… we must respect our individuality,” she asserted By prioritizing her own well-being and rejecting societal pressures Vidya Balan has not only reshaped her body but also her mindset timeliness and authenticity of the information; however Onlymyhealth.com does not take any liability for the same Using any information provided by the website is solely at the viewers’ discretion In case of any medical exigencies/ persistent health issues we advise you to seek a qualified medical practitioner before putting to use any advice/tips given by our team or any third party in form of answers/comments on the above mentioned website This website follows the DNPA’s code of conduct Bollywood star Vidya Balan recently caught everyone’s attention with her remarkable weight loss journey driven not by exercise but by smart food choices that support inflammation management palak (spinach) didn’t suit her body’s needs and actually exacerbated inflammation Her story highlights the significance of finding foods that work harmoniously with your body certain foods can help support inflammation-free weight management and carrots offer immune-supporting antioxidants Berries: Blueberries and strawberries lower inflammatory markers Turmeric and ginger: These spices add flavour and are renowned for their anti-inflammatory effects making it ideal for inflammation-friendly eating and mindful weight management In a post from her official X account on Saturday Vidya applauded Sharma for prioritising his well-being calling him a "superstar" and commending his courage to "pause and catch his breath." To take a pause & catch your breath requires courage … More power to you … Respect! her post quickly sparked controversy when some netizens alleged that the appreciation might have been orchestrated by Rohit's PR team The claims gained traction after Vidya reportedly posted a screenshot of a WhatsApp message purportedly sent by the cricketer’s PR team The incident led to a wave of online trolling with critics accusing her of being part of a publicity stunt overshadowing her original message of admiration The speculations online prompted the actor's team to issue a statement rubbishing the claims "There has been some speculation regarding a tweet Ms.Vidya Balan put out yesterday expressing her admiration for the grace Rohit Sharma exhibited by stepping back as a player and captain from the last test match," the statement read "Let it be unequivocally stated that Ms.Balan posted this completely of her own volition because she was moved by his selfless act but she is a fan of those who show dignity and class under trying circumstances To attribute her actions to anything other than a spontaneous reaction to something she found admirable is completely preposterous," it further said Actor Farhan Akhtar also shared a post in support of Rohit Sharma earlier the same day You know what you’re doing and I know you won’t let the negativity get you down. but just want to say thank you for showing the world that you put team before individual It’s a hard thing to do and only the strongest of mind and heart can do it Many users pointed out that neither Vidya not Farhan follow Rohit Sharma on social media Rohit Sharma's decision to step back as captain from the fifth test has been a topic of debate among fans and cricket experts alike While some view it as a bold and necessary move others question the timing during a critical series against Australia ALSO SEE: Vidya Balan Talks Nepotism In Bollywood And Feeling Bullied By Shah Rukh And Saif Ali Khan: 'I Was Very Alone' ALSO SEE: Vidya Balan (45) Reveals She Was Trolled For 'Looking Older' Than Shahid Kapoor (43) In Film; 'It Was Witch Hunt' Trauthwein has covered the global maritime market for more than 25.. Genoa Design International has been providing production design and 3D modeling services to shipbuilding and offshore industries from Newfoundland and Labrador for nearly 30 years with defense budgets booming around the world and the recently signed Icebreaker Collaboration Effort (“ICE PACT”) between the Canada which is a trilateral arrangement to collaborate on the production of polar icebreakers and other capabilities Can you give us a personal and professional history with insights on your responsibilities today at Genoa Design International That's where we've seen a significant resurgence of ship design and shipbuilding over the last couple of decades I graduated from Memorial University in Newfoundland & Labrador as a mechanical engineer and I thought at the time I was going to spend my career in the offshore oil and gas industry because it was booming at the time I returned to the Atlantic provinces and was introduced to the working world of naval architecture and marine engineering engineering changes for ships in operations so the maintenance of ships in service support programs as the national shipbuilding strategy took off and we started designing and building ships that were desperately needed in Canada all the operations and the business performance of the company from customer delivery where make sure that we execute quality products with constant schedule certainty I really get to touch the entire organization I also get to work really closely with a pretty tight executive team as well as our board of directors to develop the strategy for the company At a time when geopolitical pressures are putting a lot of pressure on the industry it's an exciting time to be here and to be the COO of a company that is thriving and innovative.Can you give us a ‘by the numbers’ look at Genoa Design today I think it's worth looking at Genoa over the last 10 years or so to get a true picture of our growth the industry that had been essentially dormant for a couple of decades meaning there were new and exciting programs to work on and it gave companies like Genoa an opportunity to work on engineering projects that were design-related We were fortunate to have joined forces with Seaspan and other supply chain partners from the early days and that's where we grew and matured as a company We grew from about 20 employees to about 240 across Canada and the US today Our revenues grew exponentially as well over that timeframe “Looking out over the next five to 10 years and that's where the significant backlog of government work resides at the moment in the shipbuilding industry the ICE Pact that's recently been announced between Canada Finland and the US will promote opportunities for companies like Genoa to export our expertise and continue that growth and development in Canada but also outside of Canada.”Laurie Balan Genoa Design InternationalImage Courtesy Genoa Design International with insight on where you see it growing in the coming decade Most of our work today is government and navy contracts We still do commercial work from time to time when it aligns with our strategic direction we work on major large programs in Canada and the US About 75% of that right now is currently in Canada Looking out over the next five to 10 years but also outside of Canada.Image Courtesy Genoa Design International There's a lot of geopolitical conflict right now there's a lot of investment in defense globally I don't know how big I expect it to get people and innovation in one country to develop it and do it all in-house We've been fortunate along the way to have worked successfully with US companies We have all the security requirements and defense requirements to be able to partner there's so many new ships to be designed and to be built that we need expertise from more than just inside the US and more than just inside of Canada Even under the national shipbuilding strategy while the intent of that program was to build up the Canadian industry that too is beyond ourselves and our expertise and we've reached out to other companies with expertise from the likes of Finland to be able to accomplish it all I think there's a lot of opportunity for multiple companies to answer the call and stand up to the challenge and be innovative is there one or two that stand out in terms of showcasing the value that Genoa Design delivers Right now there are two major concurrent projects that we're working on: the icebreakers for Canada and the icebreakers for the US Both countries are replenishing their heavy icebreaker fleet as the current vessels in operation went into service before I was born An opportunity to contribute to the designs of those complex vessels highlights Genoa's expertise in icebreaker design While we typically ramp up our teams later in the functional design phases our designers have to be intimately familiar with ice class rules and detail the design in a way that meets those rule sets as well as the build strategy and processes That really speaks to Genoa's adaptability and agility that we show our clients The Newfoundland & Labrador cluster is unique in how it operates together can you discuss what your company puts into it Newfoundland & Labrador's history is linked to the sea We are uniquely positioned as the gateway to the Arctic as well as to Western Europe Our schools are noteworthy in terms of how they support the industry College of the North Atlantic or other private colleges in the province Graduates are recognized as top in their field and are ready to work anywhere in the world when they graduate and you don't have to look far to find locally grown companies like Genoa Kraken and Virtual Marine – to name a few – at the forefront of innovation simulation and innovation centers here that are developing leading edge solutions that are being used across the globe our province could do a better job of promoting ourselves and maybe we need to toot our own horns a little bit more to share our knowledge and our expertise with the world There's a real sense of cooperation and camaraderie here in the province of Newfoundland & Labrador that I don't think you see everywhere There is something special about Newfoundland and Labrador for sure; there's something special about Genoa Those are some of the reasons that I'm still so passionate about this industry which is typically viewed as a ‘traditional’ industry [Part of my job] is to share those stories and attract younger professionals [to fuel] the next generation of the industry and we apply new tools and technologies to make this industry better and we apply new tools and technologies to make this industry better.”Image Courtesy Genoa Design International Vard has secured a new contract with Taiwanese-based Dong Fang Offshore (DFO) for the design and construction of one Commissioning… As inflation starts to slowly ramp up across the world the US is gradually heading for a recession as the American economy shrank through Q1… On April 30, Senator Mark Kelly (D-AZ) together with several original co-sponsors reintroduced the SHIPS for America Act in the U.S Fast-growing energy demand is driving the need for technical support and guidance in new locations we excel in creating stunning illuminated yacht names and logos and cutting-edge LED and fiber optic solutions Military Sealift Command continues recruiting civilian mariners offering federal benefits and travel opportunities despite the recent hiring freeze Maritime Reporter E-News is the maritime industry's largest circulation and most authoritative ENews Service delivered to your Email five times per week Essential digital access to quality FT journalism on any device Complete digital access to quality FT journalism with expert analysis from industry leaders Complete digital access to quality analysis and expert insights complemented with our award-winning Weekend Print edition Terms & Conditions apply Discover all the plans currently available in your country See why over a million readers pay to read the Financial Times the first day of the Tamil month of Chithirai The day holds great significance as it is believed to be the moment when Lord Brahma began the creation of the universe Mumbai: Actress Vidya Balan donned traditional Kanjivaram silk sarees to mark the celebration of Tamil New Year the actress embraced the festive spirit with her stunning ensemble paying homage to the rich heritage of Tamil traditions the Bhool Bhulaiyaa 3 actress posted a video of her where she is seen wearing Kanjivaram silk sarees Vidya also extended her heartfelt greetings to fans on Puthandu “Wishing you and loved ones a very Happy Vishu and Tamizh Puthandu! What better way to celebrate than in the beauty of Kanjivaram Silk Sarees from @Shobitam with their grace Let’s celebrate this auspicious occasion with warmth and joy The innovation they bring to their heritage designs and quality craftsmanship is something that sets each Kanjivaram saree apart.” marks the start of a new year according to the Tamil calendar celebrated by Tamil-speaking communities worldwide This vibrant festival typically falls on April 14 bringing together families to honor age-old traditions she was most recently seen in Bhool Bhulaiyaa 3 where she shared the screen with Kartik Aaryan the horror-comedy saw Vidya Balan return to her iconic role as the haunting Manjulika this actress always wanted to make it big in the industry She is one of the most prominent faces in Hindi and regional cinema She often awestruck her fans with her effortless acting and dancing skills Kallur Balan did not seek recognition nor command the podium at international climate summits the slow and unglamorous toil of one man against the arid land The plots in which he worked in the hills of Palakkad stretched over 100 acres of what was once wasteland The tools were rudimentary: a bamboo staff he spent his early years following his father’s trade had he not encountered the teachings of Sree Narayana Guru whose words convinced him to renounce liquor and look elsewhere for purpose What began as a simple habit—planting saplings wherever he could—soon became an obsession he gathered castoff fruits from market traders and carried them to the forests and wild pigs that came to trust his voice calling across the trees that changed in 2011 when he was awarded the Vanamitra—Kerala’s “Friend of the Forest” prize But the honor did not alter his way of life The trees and animals had come to expect him Conservationists often speak of grand strategies unwavering in the belief that his corner of the world could be saved with enough patience and care but his true legacy is measured in the forests that will outlive him the green expanse of the Chutiyanparamalai valley the wildlife he sustained—all of it remains If the Green Revolution rode on the strength of chemicals derived mainly from fossil fuels now there is a shift in the thinking on how agriculture is being done in India with a thrust on growing indigenous crop varieties and following natural farming practices Tuesday | May 06 2025 | Federal Bank has named actor Vidya Balan as its brand ambassador had laid out a clear directional path for the bank and brand transformation was one of the significant themes said Balan was a very strategic choice to capture attention across geographies she becomes the character on camera while continuing to charm us in her interpersonal interactions off-screen and consideration of various scenarios all contribute to her ability to bring out the essence of every role she plays We have experienced this as we sought to bring her on board." empathy is our segue to understanding and servicing our customers It’s a universal trait that transcends geography Our NPS scores and peer comparison in the Nielsen studies clearly indicate the stripes we have earned by being a human at The core we too make light of our chores and celebrate the wins created through the collective effort of our teams I am sure Vidya will power prosperity for everyone associated with the Federal Bank and customers are how we celebrate ourselves and the brand." "Being an ambassador for varied brands in the country I believe we are telling the India Story to the world in terms of powering our economy from down south to up north They have a very broad brush when it comes to having a generationally loyal franchise being the leading employer for women in the country and creating a work culture where people stay and contribute to all-round growth I am deeply appreciative of their efforts in supporting communities and causes while continuing to build a very robust business I genuinely sense the vibe when Federal Bankers tell me that they are Human at the Core Looking forward to a very exciting ‘Rishta’ with Federal Bank.” Subscribe to our newsletter to get updates on our latest news Julia Murney is directing the musical comedy based on the classic comic strip The newly announced cast will feature Courtney Balan (The Prom) as Lucy, Nicolas Alan Fernandez (Jersey Boys national tour) as Snoopy, Sammy Pignalosa (The 25th Annual Putnam County Spelling Bee) as Linus, Daniel Plimpton (Book of Mormon national tour) as Charlie Brown, Hayley Podschun (Wicked) as Sally and Jason Williams (A Bronx Tale) as Schroeder plus understudies Thomas Beebe and Molly Model Judy Bowman Casting is the resident casting director for The Sharon Playhouse Charlie Brown was first seen Off-Broadway in 1967 The show played a brief Broadway run in 1971 after which it became a popular selection for schools and regional theatres and returned to the Main Stem in 1999 with a cast that included Kristin Chenoweth and Roger Bart The upcoming production will also feature scenic design by Christopher and Justin Swader, costume design by Kathleen DeAngelis, lighting by Jamie Roderick Visit SharonPlayhouse.org Gail Kriegel's new play follows a family affected by mental illness The Tony-winning Best Musical continues at the Walter Kerr Theatre Noah Himmelstein will direct Matthew Puckett's original musical Neumann is the Tony nominated choreographer behind Hadestown and Swept Away one Tony winner is playing the trumpet while the other is channeling Madame Rose Due to the expansive nature of Off-Broadway Thank You!You have now been added to the list Blocking belongson the stage,not on websites Our website is made possible bydisplaying online advertisements to our visitors Please consider supporting us bywhitelisting playbill.com with your ad blocker.Thank you Aberdeen energy firm Wood’s chief financial officer has resigned over an “incorrect description of his professional qualifications” The board has accepted Arvind Balan’s decision with immediate effect The engineering firm has seen its share price plunge across the past week after revealing a “difficult” and “disappointing” financial year. The company’s share price sat at 65.4p per share upon last Thursday’s closing but now sits at just 24.5p per share – dropping by 64.3% in the past five days Mr Balan said he regrets his mistake and revealed the decision he made was based on “minimising distraction” I made an honest oversight with respect to the description of my professional qualification as a chartered accountant instead of a certified practicing accountant “I continue to believe in the long-term potential of the company and its people “My decision is based on minimising distraction at this very pivotal time with our investors and lenders.” Wood appointed Mr Balan to the company’s board as chief financial officer and executive director on April 15 2024 He arrived from the same role at the civil aerospace business of Rolls-Royce and had worked in numerous financial roles for the oil firm Shell whose intention to retire was announced in August 2023 Wood said an announcement on Mr Balan’s successor as well as interim cover will be made in due course Chief executive Ken Gilmartin said: “On behalf of the board and the company I would like to wish Arvind all the best in his future endeavours” Mr Balan’s resignation is more bad news for Wood which had expected a “very strong” trading performance in the final quarter of 2024 This led to the decision to cancel its annual executive and employee bonus for the year. The troubled firm employs 35,000 people and suffered a series of setbacks in 2024 It then saw its share price collapse in August when Sidara walked away from a proposed takeover deal More bad news followed when announcing its half-year results which showed a £756 million loss In November, it saw the collapse of its market value by £500 million when it announced an “urgent” independent review of its books. Comments are currently disabled as they require cookies and it appears you've opted out of cookies on this site. To participate in the conversation, please adjust your cookie preferences in order to enable comments Also Read: Alia Bhatt Surprises With Her Arrival At Alan Walker's Show, Netizens Are Confused About Its Motiveadvertisement we have seen some incredibly talented actresses gracing the big screen and winning our hearts with their incredible acting in movies. Vidya Balan is one such actress who has inspired us with her work in movies like Dirty Picture