New Wood Group chairman Ian Marchant has more than doubled his stake in the engineering giant.
The controversial former SSE boss has bought 15,000 extra shares in the firm for more than £100,000.
The move – which takes his stake to 22,777 shares – comes just weeks after he was confirmed as the long-term successor to Sir Ian Wood.
It is a further step towards his integration into the business as he replaces outgoing chairman Allister Langlands, who has filled in since Sir Ian’s departure in 2012.
Mr Marchant’s last few months at the Scottish Hydro parent were overshadowed by anger at soaring energy prices and rising executive pay – and he conceded that top managers were being paid too much.
The Press and Journal revealed last month that he will now receive an annual pay packet of £250,000 to work six days a month with the Aberdeen-based firm.
He said the salary – which works out at nearly £3,500-a-day – was a reflection on the “wisdom and contacts” he brings to the business.
The Wood Group said it was “delighted” with the appointment.
SSE customers saw their average energy bills triple during Mr Marchant’s near-11 year tenure.
And last April the energy firm was fined a record £10.5million by Ofgem for “prolonged and extensive” mis-selling.
Mr Marchant said he was “deeply ashamed” about what happened, saying he would “regret” it for the rest of his career.
He is arriving to a solid foundation at Wood Group. Strong performance in the North Sea and engineering operations helped Wood Group post a 14% increase in profits for 2013.
The firm announced this week that it was looking to strengthen its upstream operations after spending more than £160million on acquisitions last year.
But the company’s engineering arm warned it expected the number of significant offshore awards to fall, with subsea and pipeline contract set to be hit by the decline in upstream investment by oil firms over the next year.