Oz conglomerate boss to take chairman seat at Woodside

Australian energy company Woodside has named a successor for its departing chairman of the board.

Woodside said on Tuesday that the chairman of the board Michael Chaney would step down from the position at the close of next year’s Annual General Meeting in April 2018.

Chaney will be replaced by Wesfarmers CEO Richard Goyder who will leave the company in November 2017 after a 24-year tenure.

Goyder will join Woodside’s board as an independent, non-executive director, and chairman-elect effective August 1, 2017.

Current chairman Chaney, who joined the board in 2005 and became chairman in 2007, said: “Richard will bring a skill set that complements existing expertise and will take over as chairman at an exciting time for the company as we grow our portfolio in Australia and globally.

“To ensure a smooth transition, Richard will join the board in August 2017 as chairman-elect, and he will become chairman after our 2018 AGM.”

Woodside CEO Peter Coleman added: “The transition phase ensures the best outcome for the company and our shareholders and is a unique opportunity to work with both Michael and Richard.”

Goyder will join the company from retail conglomerate Wesfarmers where he started working in 1993 and was appointed Managing Director and Chief Executive Officer in July 2005.

The Wesfarmers group generated $55 billion in revenue last year and is the owner of well-known retail companies such as Target, Kmart, and Officeworks.

The soon-to-be Woodside chairman is a commissioner of the Australian Football League and will become its chairman on April 4, 2017.

The newly appointed chairman of Woodside, Goyder, said: “I am delighted to be joining the board of such a significant and successful Australian company, and I look forward to working with Peter Coleman, his management team, and the board to continue to drive value for shareholders.”

Share this article

Follow Offshore Energy Today

Events>

<< Jun 2019 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30

Shanghai Int Petrochemical and Offshore Oil & Gas and Chemical Industry Technology and Equipment Exhibition 2019

cippe Shanghai has attracts both domestic and overseas buyer groups, including Shell, Exxon Mobil, Total…

read more >

OIL & GAS PHILIPPINES 2019

Oil & Gas Philippines event display products like Oil & gas, fire protection systems and materials…

read more >

Nigeria Oil & Gas Conference & Exhibition 2019

The annual meeting once again proved to be a great success, gathering over 700 industry professionals…

read more >

08th OIL & GAS AFRICA 2019 CONFERENCE

OIL & GAS AFRICA is one of the most prime regional & international Oil and Gas conferences in East Africa…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply