Scottish energy business Wood says Richard Howson has resigned with “immediate effect”

Richard howson 1

The fallout for former Carillion chief executive Richard Howson continued today with Wood Group tearing up his deal as a non-executive director at the business.

The FTSE 250 oil and gas firm, based in Aberdeen and which last year bought rival Amec Foster Wheeler for £2.2bn, said Howson had left the business earlier today.

In a statement, the firm said the 49-year-old, who was appointed in May 2016, had resigned as a non-executive director of the company with immediate effect.

Chairman Ian Marchant added: “I would like to thank Richard for his contribution over the last two years.”

Howson (pictured), who quit Carillion last summer after nearly six years as chief executive, has become a pariah in the days since Carillion went bust.

Wood’s annual report shows he attended seven meetings in 2016 and was paid £35,000.

Speaking about Carillion’s collapse, and before news of Howson’s departure from Wood became public, Cenkos analyst Kevin Cammack said the firm was becoming a byword for toxic. He added: “It’s going down with such a stink about it. There’s a lot of stigma attached to Carillion.”

Wood was founded in 1982 by Ian Wood whose worth is estimated at £2bn.