Scottish businessman and philanthropist Sir Ian Wood dies aged 84
Summary
Sir Ian Wood, a well-known Scottish businessman and charity supporter, has died at age 84. He built his family's small fishing boat repair business into a large engineering company working in the oil and gas industry worldwide and later focused on charitable projects through The Wood Foundation.Key Facts
- Sir Ian Wood was based in Aberdeen, Scotland.
- He grew his family business into a global engineering firm in oil and gas called the Wood Group.
- The Wood Group was valued at over £5 billion and worked worldwide before being sold to a Dubai company in 2025.
- Sir Ian retired as chief executive in 2006 and as chairman in 2012.
- He started The Wood Foundation in 2007 to help reduce social and economic problems in Scotland and sub-Saharan Africa.
- He was knighted in 1994 for his contributions to the oil and gas industry and joined Scotland’s highest order of chivalry later.
- His family described him as kind, generous, determined, and dedicated to his family.
- Sir Ian’s personal fortune was estimated at around £1.8 billion.
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