The retired chairman of Aberdeen-based Wood Group has gifted a large part of his shareholding in the energy service firm to the Wood Family Trust.
Sir Ian Wood is understood to have gifted more than 20million shares in total yesterday. The company declined to comment on the move, however, as did Sir Ian.
The 70-year-old entrepreneur retired from the energy service giant at the end of last month after nearly 50 years in the venture he transformed from a fishing business.