Worley revealed on Feb. 3 the appointment of Chris Ashton as its new CEO and managing director of Worley effective February 24, 2020, following the retirement of Andrew Wood.

Chris has been at Worley since 1998 and has held many leadership roles in the company. Prior to today’s appointment as CEO, Chris was Worley’s COO responsible for the integration of ECR and for the strategy for the transformed Worley business. Previously Chris was accountable for the growth and performance of the major projects and integrated solutions portfolio, which included Worley’s fabrication businesses, WorleyCord and Rosenberg Worley, and its Global Delivery Center. Chris has also held executive roles with responsibility for Europe, the Middle East and African operations, and the power sector globally.

Focused on developing high-performance teams and delivering results, Chris brings deep commercial and financial expertise to the role and a strong track record of leadership across Worley. Chris holds a degree in electrical and electronic engineering from the University of Sunderland, an MBA from Cranfield School of Management and has completed the Executive Management Program at Harvard Business School as well as the AICD Company Directors Course.

Andrew will remain with Worley to advise the Board and the CEO until the end of this financial year. He will resign as managing director from the Worley Board after the Board meeting approving the interim results effective February 24, 2020.

Chris and his family will establish their residence in Australia. The material terms of the new CEO’s contract are detailed in the schedule.