Andrew Stewart is currently one of eight members on the global executive team of Wood Plc, a UK-listed enterprise that operates in more than 60 countries and employs around 50,000 inquisitive minds. In this capacity, Andrew serves as the executive president of strategy and development and is accountable for the group’s strategy, digital transformation, divestments, mergers and acquisitions, business development, sales, marketing, communications, and strategic projects. One of Andrew’s key responsibilities is the transformation of Wood as it deploys its world leading consultancy, engineering, and projects expertise to unlock exciting possibilities in the energy transition and sustainable infrastructure.
Founded in 1912, the company has a proven history of agility ─ adapting, enduring, and continuing its success – as it unlocks today’s critical challenges of clean, competitive energy and sustainable urban infrastructure. “In 2014, we were 90% upstream oil and gas, but now we are at approximately 35%. We have deliberately broadened with a much stronger participation in renewables 25% and sustainable infrastructure 15%. Wood is creating an unstoppable momentum as the world evolves to net zero emissions while also enabling economic prosperity. Not mitigating climate change would cause social, environmental, and political upheaval, so for our children’s well-being, we are in pursuit to meet the world’s increasing demand for energy without carbon emissions,” Andrew expresses.
Andrew’s enthusiasm continues to drive clients to innovative solutions. He believes hydrogen is the most compelling path to decarbonize because the combustion byproducts are safe, just water and heat. Wood’s technology has been used for 120 industrial hydrogen gas plants around the world. The total installed capacity to date is more than 3.5 million Nm3/h of hydrogen. With Australia being the largest exporter of liquified natural gas (LNG), Andrew sees no reason why Australia couldn’t also become the world’s largest producer and exporter of hydrogen. “We have the technology, engineering, and construction muscle to lead the world to net zero. Australia not only has vast onshore and offshore gas reserves, but we are also a vastly sunburnt and windswept country primed for solar and wind energy. All we need now is the public policy ambition to be a clean energy powerhouse,” Andrew says. Steam methane reforming with carbon capture is the first step to an industrial scale hydrogen network, and scale is the key to unlocking hydrogen’s competitiveness and unmatched environmental benefits. Once the demand side infrastructure is established, and electrolysis scales, we can quickly evolve to 100% renewable hydrogen. “On the export side, liquefying hydrogen consumes a lot of energy, so it must be distributed across the seas as ammonia. This is where Australia’s unmatched LNG expertise and proximity to Asia gives us a significant advantage. “It’s a perfect opportunity to create thousands of jobs, whilst saving the planet from emissions,” adds Andrew.
Since joining the company nearly 12 years ago, Andrew has served in several executive positions including managing director for Australia and Asia Pacific as well as president of construction, maintenance, and operations for the United States, Canada, Latin America, and the Caribbean. In 2017, Andrew was promoted to the CEO of Wood Americas, where he was responsible for over 18,000 employees and $4 billion in annual revenue. “Moving the family to Houston, Texas was a once in a lifetime - the children worked on their Texas accents and my wife and I learned how to drive on the other side of the road! At work, I was busy completing a class 1 acquisition of AmecFosterWheeler, forming a new team, integrating the businesses, and growing America’s EBITA by 23% in the first calendar year post close. We were so privileged to have had an American adventure and it’s in our highlights reel!”
Andrew is an alumnus of The University of Melbourne, where he earned a mechanical engineering honor’s degree and is a graduate of Melbourne Business School, where he earned a postgraduate diploma in management and a master’s degree in business administration. Outside of work, he is an active cyclist and enjoys family time. Andrew now resides in Melbourne, Australia with his wife and two children.
Executive President, Strategy and Development