- Sir Ian Wood, a Scottish billionaire who built his fortune in the North Sea oil industry, has died peacefully at his home at the age of 84.
- He transformed his family's Aberdeen-based fishing operation into an engineering and consulting giant, later forming a separate engineering company servicing the rapidly growing North Sea oil business.
- At its height, the Wood Group was valued at more than £5 billion. Sir Ian retired as the group's chair in 2012 and was knighted in 1994 for his contributions to the oil and gas sector, later becoming a member of the Order of the Thistle.
- He established the Wood Foundation in 2007, through which he engaged in philanthropic work.
- His family described him as “a devoted husband, father, grandfather and friend”, acknowledging “his kindness, generosity, determination and unwavering commitment to his family”.
IN FULL
Sir Ian Wood: North Sea oil tycoon and philanthropist dies aged 84
