One of Scotland’s wealthiest folks, who earned his fortune within the North Sea oil business the place he constructed up the engineering and consulting firm, Sir Ian’s household stated he died peacefully at his house.
The firm began as a household fishing enterprise earlier than Sir Ian took over in 1967.
Over the following a long time, he fashioned a separate engineering firm servicing the rapidly-growing North Sea oil enterprise.
At its peak, the Wood Group was valued at greater than £5 billion, finishing up work within the power business all over the world.
Sir Ian, who retired as chairman of the group in 2012, was knighted in 1994 for companies to the oil and gasoline business.
He was later made a member of the Order of the Thistle, Scotland’s highest order of chivalry.
His philanthropic work was carried out by way of the Wood Foundation, which he based in 2007.
The basis is concerned in a variety of investments and charitable work round agriculture and conservation in east Africa, in addition to initiatives in Scotland.
A press release from Sir Ian’s household stated: “Sir Ian was a loyal husband, father, grandfather and pal.
“While many knew him as an entrepreneur, philanthropist and one of Scotland’s most influential business leaders, those closest to him will remember above all his kindness, generosity, determination and unwavering commitment to his family.”
