Energy, chemicals and resources company Worley has posted a 40 per cent jump in interim net profit to $115 million thanks to improved market conditions and the benefits of its Jacobs Engineering division buy, while at the same appointing Andrew Liveris as its deputy chairman.
Andrew Wood has retired as chief executive of engineering giant Worley and been replaced by the company's chief operating officer, Chris Ashton, in a move that has surprised the markets.
The German company contracted to build Australia's new offshore patrol vessels has concluded negotiations with its build partners, but Henderson-based Austal will not be participating, with Civmec being the big local winner.
German shipbuilder Lürssen has awarded Civmec a key contract for the Royal Australian Navy offshore patrol vessels, which are being built as part of a $3.6 billion federal government program.
IT has been a big week of‘giving' by Australian directors, with former WorleyParsons CEO John Grill giving $20 million to the University of Sydney and revelations that Rams Home Loans founder John
Australia's largest engineering group, WorleyParsons, has announced an unusual succession plan, with internal candidate Andrew Wood selected as the new CEO and incumbent John Grill planning a five-
