CEO Succession Planning
Search documents
Woodside (ASX:WDS) share price drops as CEO leaves to join a major rival
Rask Media· 2025-12-18 00:43
Core Viewpoint - Woodside Energy Group Ltd's share price has declined approximately 2% following the resignation of CEO Meg O'Neill, who is moving to BP, a major competitor [1][2][12]. Company Overview - Woodside Energy, established in 1954, has evolved into a global oil and gas company, engaging in the exploration, development, production, and supply of oil and natural gas [1]. - The company merged with BHP Group Ltd's petroleum segment in June 2022, enhancing its operational capabilities [1]. Leadership Changes - Meg O'Neill has resigned as CEO and Managing Director to take on the CEO role at BP, with Liz Westcott appointed as acting CEO effective December 18, 2025 [2][6]. - Liz Westcott has a strong background, having previously served as COO at Energy Australia and holding a 25-year career at ExxonMobil [3]. Financial Performance - Under Meg O'Neill's leadership, Woodside has paid approximately $11 billion in dividends to shareholders since 2022, reflecting strong business performance [4]. - The company is positioned for continued growth, with a focus on executing major projects and maintaining operational excellence [7]. Future Strategy - Woodside's priorities for 2026 include safe and efficient operations, execution of major projects, and adherence to the strategic course outlined during the November 2025 Capital Markets Day [7]. - The board is actively assessing both internal and external candidates for a permanent CEO appointment, aiming to conclude this process in the first quarter of 2026 [8]. Compensation Details - Liz Westcott will receive an annual salary of $1.8 million as acting CEO, which includes a higher duties allowance of $600,000 [10]. - There will be no change to her incentive opportunity for FY25, but it will increase for FY26 to reflect her higher salary [11]. Market Reaction - The Woodside share price has fallen 11% over the last month, influenced by declining liquefied natural gas (LNG) and oil prices [13]. - The current share price decline may present an opportunity for potential investors, although some analysts are cautious about adding Woodside to their portfolios [13].
Disney Board Member Everson on AI, Tariffs, Iger Succession
Youtube· 2025-11-18 21:10
So you have such a unique perspective, of course, on how AI is shaping companies. And there's a great piece in the Wall Street Journal coming out of their leadership institute. I understand that you attended as well, but it seems like the consensus is that AI is fueling change faster than anything we've experienced before.But how exactly companies handle that is not as clear. So I wonder, you know, in the chairs that you occupy, what are those conversations sound like. Well, you can count on the fact that A ...