• Text size      
  • Send this article to a friend
  • Print this article

Sir Ian works last day at Wood Group

SIR Ian Wood will do his final shift today at the oil services giant he developed from his family's fishing business.

The 70-year-old will retire from the board after spending the past 45 years as chairman or chief executive of the group.

He will tell staff: "This is a good time for me to retire from Wood Group. I was 70 in July and had promised my family for some time I would cut back. I want to spend more time on the Wood Family Trust's philanthropic activities, my sons' businesses are growing well and there's also other fairly significant family business interests and investments to look after.

"But, more importantly, it's a good time to step down business-wise. Wood Group is in excellent shape with the PSN acquisition successfully assimilated and all three business divisions performing well."

He will be succeeded by CEO Allister Langlands. Bob Keiller will become chief executive.

Contextual targeting label: 

Commenting & Moderation

We moderate all comments on HeraldScotland on either a pre-moderated or post-moderated basis.
If you're a relatively new user then your comments will be reviewed before publication and if we know you well and trust you then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules

Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.