Ian Wood & family

Early Life

Sir Ian Clark Wood was born in Aberdeen, Scotland, on July 21, 1942. He received his education at Robert Gordon's College and the University of Aberdeen, where he studied psychology and graduated in 1964.

Rise to Success

After completing his studies, Wood joined the family business, Wood Group, in 1962 and became managing director in 1967. Under his leadership, the company transformed from a local business into a global corporation operating in over 50 countries. He served as CEO from 1967 to 2006 and then as chairman until 2012. Wood Group expanded its operations significantly during his tenure. Wood and his family have since sold a large portion of their stake in the company, diversifying into other investments.

Key Business Strategies

Ian Wood's key business strategy involved expanding Wood Group's operations, focusing on the North Sea oil industry. He took the business public in 2002.

Philanthropy

Wood is known for his philanthropy. In 2007, he and his family established The Wood Foundation, a venture philanthropy organization. The foundation focuses on developing young people in Scotland and helping communities in sub-Saharan Africa.