THE NEW chairman of the Aberdeen-based Wood Group is former Forfar man Allister Langlands, whose family is well known in the town.
Allister, who was formerly chief executive officer, took up his new post on November 1 after the retiral of Sir Ian Wood. He has been with Wood Group since 1991, initially as financial director, then eight years as deputy CEO and CEO since 2007.
Bob Keiller, the chief executive of the Wood Group PSN division, has become CEO.
Sir Ian Wood said: “I have been lucky enough to participate in the very successful and exciting growth of the UK’s oil and gas industry over the last 45 years and seen Wood Group become a successful global player. We are performing well in a strong market, with a great management team and good prospects and this is an opportune time to retire, particularly as we have in place a strong management succession plan.
“Allister, who has led the group extremely effectively in his period as CEO, and demonstrated clear strategic leadership in the recent period of structural repositioning through the sale of Well Support, the acquisition of PSN and return of cash to shareholders, will make a very able chairman and provide important continuity.”
Allister added: “I’m looking forward very much to taking on the chairman’s role and working closely with Bob Keiller, an experienced CEO who has performed well with the group since he joined us. Bob will be taking over a strong business in a growth market, with an excellent management team and a clearly established strategy.”