Worley Names New CEO
Australia-based global engineering and construction firm Worley reported Monday that Chief Operating Officer (COO) Chris Ashton will become CEO and managing director effective Feb. 24, 2020.
Ashton will succeed Andrew Wood, who is retiring after 26 years with Worley and the last seven as its CEO, Worley noted in a written statement. Ashton has held various leadership roles with Worley since joining the company in 1998, the firm added.
“Andrew’s contribution has been fundamental to creating the global company we are today,” commented Worley Chairman John Grill. “Under Andrew’s strong leadership, we successfully restructured Worley to realign our operations through a period of rapid change in the markets we serve, and then doubled the size of the business through the acquisition of the Energy, Chemicals and Resources (ECR) division of Jacobs to create the global leader across Worley’s core market segments.”
According to Worley, Ashton brings extensive commercial and financial expertise to his new role. The incoming CEO holds a degree in electrical and electronics engineering from the University of Sunderland an MBA from Cranfield School of Management. He has also completed Harvard Business School’s Executive Management Program and the AICD Company Directors Course, Worley added.
“It’s a great privilege to assume the leadership of this great company,” stated Ashton. “the next decade will see unprecedented change in the energy, chemicals and resources industries which we serve. Our customers are being driven by having to address two fundamental structural disruptions: the energy transition and changes resulting from the adoption of digital processes.”
Grill noted that Ashton’s appointment follows a thorough internal and external search process.
“After more than 20 years with Worley, I know the company, its customers and stakeholders well,” Ashton said. “I am looking forward to visiting offices, fabrication yards, customers, job sites and investors in the very near future.”
Worley stated that Wood will remain with the company to advise the board and Ashton until the end of this financial year, adding that he will resign as managing director from the Worley board after the body meets to approve the interim results effective Feb. 24, 2020. The firm added that Ashton and his family will establish residence in Australia.
“My time at Worley has been exhilarating and challenging,” concluded Wood. “I have been fortunate to have had the support of this incredible organization, the leadership team and the board. Together, we have created a unique global business that will continue to make a significant difference in meeting the world’s future energy, chemicals and resource challenges.”
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