Wood Group’s chief executive Robin Watson has advised the board of his intention to retire following the company’s annual results, which saw a 19% increase in its order books and the firm restructure for $78m.
The Aberdeen based North Sea Oil and gas consultancy and engineering firm reported its annual results ending 31 December 2021 had been delayed to let an external investigation be undertaken on its historic contract around Aegis Poland.
The group has since revealed it had a write down of $99m for its Aegis Poland contract, which was part of its exceptional items that included a $78m restructure that totalled $160m in exceptional items.
