John Wood Group Ltd, commonly known as Wood Group, is a British multinational engineering and consulting business with headquarters in Aberdeen, Scotland. Listed on the London Stock Exchange until May 2025, the group employed 35,000 people globally,[3] before being acquired by Dubai-based engineering and design firm Sidara.
History
The business was founded in 1982 by Ian Wood, when it split away from JW Holdings, the largest fishing company in Scotland.[4][5] Ian played a pivotal role in the management and direction of the company, being its chief executive officer (CEO) through to 2006 as well as its chairman through to 2012. From the 1980s through to the end of the 2000s, the Wood family held (via a series of charities and trusts) a sizable stake in the business, at one point as high as 40 percent of all available shares, giving them considerable sway over decision-making.