Oil and Gas News

Goyder to replace Chaney as Woodside chairman

Richard Goyder will take over as chairman of Woodside Petroleum next year, his second major appointment since Wesfarmers announced he would step down as managing director of the company earlier this year.

Goyder is well-known in the Australian business community as the MD and CEO of Wesfarmers, positions he has held since July 2005. He will step down from his role at the company in November this year.

Last week the West Australian was also named as the next chairman of the Australian Football League (AFL), replacing Mike Fitzpatrick. Goyder, who was already a commissioner of the league, will start as AFL chairman on April 4.

At Perth-based Woodside, Goyder will replace Michael Chaney, who will depart as chairman following next year’s annual general meeting (AGM). Goyder will join the board of Perth-based Woodside in August 2017 as chairman-elect.

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 (Woodside CEO) Peter Coleman, his management team and the board to continue to drive value for shareholders.”

Chaney joined Woodside’s board in 2005 and became chairman of the company in 2007. He said it was fitting that a prominent and respected Australian business leader like Goyder should become the next Woodside chairman.

“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,” Chaney said.

“Richard has demonstrated his focus on delivering value for shareholders and commitment to excellence throughout his extensive business career.

“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 Coleman commented: “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 – two of Australia’s greatest business leaders.”

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