Goy­der al­ways in Wood­side frame

Pilbara News - - News - Sean Smith

As is of­ten the case with suc­ces­sions, AFL chair­man Richard Goy­der’s sur­prise el­e­va­tion to the helm of Wood­side Pe­tro­leum was a while in the mak­ing.

Michael Chaney, chair­man of both Wood­side and more re­cently Wes­farm­ers, and Goy­der’s pre­de­ces­sor as chief ex­ec­u­tive at the lat­ter, says Goy­der fig­ured early in Wood­side’s plan­ning when its search started for suit­able suc­ces­sors.

Chaney stayed in touch “over some time”, as the Wood­side board tested Goy­der against a pool of other po­ten­tial can­di­dates in Aus­tralia be­fore mak­ing its choice.

The wish to keep the chair­man­ship in Aus­tralia, to en­able closer and more im­me­di­ate con­tact be­tween chair­man and chief ex­ec­u­tive, was key to their de­lib­er­a­tions, rul­ing out an­other highly-re­garded po­ten­tial re­place­ment, cur­rent di­rec­tor and for­mer Shell Aus­tralia chief Ann Pickard, who lives in the US. Chaney says “we were all of the same view that Richard was the stand-out can­di­date”.

The tim­ing also worked out rel­a­tively well, with Goy­der’s de­lib­er­a­tions around his 12-year ten­ure at Wes­farm­ers cul­mi­nat­ing in last week’s an­nounce­ment — over­seen by Chaney — that he would step down from the group in Novem­ber, to be re­placed by industrials boss Rob Scott.

It will mean, how­ever, that Chaney will stay on a lit­tle longer at Wood­side than he en­vis­aged, into 2018, with Goy­der tran­si­tion­ing into the chair­man’s role be­tween Au­gust, when he joins the board as a non-ex­ec­u­tive di­rec­tor, and next April’s an­nual meet­ing. There has al­ready been some snip­ing about the per­ceived cosi­ness of the lat­est ap­point­ment given Goy­der and Chaney’s shared his­tory at Wes­farm­ers.

In­evitably, the ap­point­ment has been twinned with the de­ci­sion of the Chaney-led Wes­farm­ers board to go with Scott, a com­pany in­sider and an­other West Aus­tralian, to re­place Goy­der.

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.