The renowned Scottish entrepreneur and philanthropist passed away peacefully at his home, according to a statement released by his family.
Sir Ian built his fortune in the North Sea oil industry after taking over the family business in 1967. What began as a family fishing operation was transformed under his leadership into Wood Group, a global engineering and consultancy company serving the energy sector.
At its peak, the company was valued at more than £5 billion and delivered major energy projects around the world. Sir Ian stepped down as chairman in 2012 after decades at the helm.
He was knighted in 1994 for his contributions to the oil and gas industry and was later appointed to the Order of the Thistle, Scotland's highest order of chivalry.
In a statement, his family described him as a devoted husband, father, grandfather and friend.
"While many knew him as an entrepreneur, philanthropist and one of Scotland's most influential business leaders, those closest to him will remember above all his kindness, generosity, determination and unwavering commitment to his family."
They added that Sir Ian dedicated his life to creating opportunities for others through business and philanthropy.
"Through the growth of the business that bore his family name and through decades of philanthropic work, he sought to create lasting positive change both in Scotland and around the world."
His commitment to education and social development led to the establishment of The Wood Foundation, which has supported young people, families and communities through various initiatives.
Sir Ian is survived by his wife of 55 years, Helen, their three sons — Nic, Graham and Garreth — and seven grandchildren.
Concluding the tribute, the family thanked the healthcare professionals who cared for him and said:
"Sir Ian's legacy will live on through the countless lives he touched, the organisations he helped build and the values he championed throughout his life.
"The family respectfully requests privacy at this time as they mourn his loss.
"May the tea in Heaven always be 'extra hot'."
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