Oil and Gas News

Andrew Wood retires as Worley CEO after 26 years

Worley has appointed Chris Ashton as its next chief executive officer (CEO) and managing director following the retirement of Andrew Wood.

Ashton, who has been with Worley since 1998, has taken on the role after being the company’s chief operating officer (COO).

Worley chairman John Grill commended Wood for his distinguished career, spanning more than 26 years.

“Andrew’s contribution has been fundamental to creating the global company we are today,” Grill said.

“Under Andrew’s strong leadership, we successfully restructured Worley to realign our operations through a period of rapid change in the markets we serve, and then doubled the size of the business through the acquisition of the energy, chemicals and resources (ECR) division of Jacobs to create the global leader across Worley’s core market segments.”

Wood added his time at Worley had been “exhilarating and challenging”.

“Together, we have created a unique global business that will continue to make a significant difference in meeting the world’s future energy, chemicals and resource challenges,” Wood said.

Ashton will be focussed on developing high performance teams and delivering results through his deep commercial and financial expertise on the role.

He holds a degree in electrical and electronic engineering from the University of Sunderland, an MBA from Cranfield School of Management and has completed the executive management program at Harvard Business School, as well as the AICD Company Directors Course.

““It is a great privilege to assume the leadership of this great company. The next decade will see unprecedented change in the energy, chemicals and resources industries which we serve,” Ashton said.

“After more than 20 years with Worley, I know the company, its customers and stakeholders well. I am looking forward to visiting offices, fabrication yards, customers, job sites and investors in the very near future.”

Wood will remain with Worley to advise the board and the CEO until the end of the financial year.

He will resign as managing director from the company after the board meeting approving the interim results on February 24.

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