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North Sea Billionaire and Philanthropist Sir Ian Wood Dies Aged 84
His family said he died peacefully at home after building Wood Group into a global energy business and founding a charity focused on Scotland and Africa.
Sir Ian Wood, the Aberdeen-based billionaire and philanthropist who built the Wood Group into a global energy industry giant, died peacefully at his home at age 84, his family announced.
Starting in 1967, Sir Ian transformed his family's fishing operation into an engineering and consulting powerhouse servicing the North Sea oil industry. At its height, the Wood Group was valued at more than £5 billion.
Beyond business, Sir Ian founded The Wood Foundation in 2007, supporting agriculture and conservation across Africa and Scotland. He was knighted in 1994 and later appointed to the Order of the Thistle.
A devoted husband to Lady Helen for 55 years, Sir Ian was a loving father to Nic, Graham, and Garreth and grandfather to their seven children. Family remembered him as a source of wisdom and strength.
The family expressed heartfelt gratitude to healthcare professionals who cared for Sir Ian and requested privacy as they mourn his loss. His legacy will live on through the countless lives he touched.