Former Wood Group chief executive Bob Keiller was given a £500,000 “golden parachute” when he decided to leave the company last year.
The oil price slump grinds on and the North Sea remains in crisis, but Wood Group’s chief executive Bob Keiller is clear that people, the UK offshore industry’s primary resource, must still be valued. During last month’s UK Oil & Gas roadshow ahead of the budget, Keiller made it clear that talk about “we’re going to have to get rid of a few people” was unacceptable. “Unless you’re in the Mafia you don’t get rid of people,” he warned an Aberdeen audience. “You may take away their jobs, you may take away their self-esteem, their dignity, their reason for getting up in the morning; there will still be a person there; there will still be a family behind them. “The impact of job losses shouldn’t be underestimated.”