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The Fall of Wood: A Sequel
In February I wrote the piece, The Fall of Foster Wheeler: A Tale of Engineering and Ambition, and that post can be read here:- https://medium.com/@tracyrenee61/the-fall-of-foster-wheeler-a-tale-of-engineering-and-ambition-7265cd54603b
I worked for Foster Wheeler Energy Limited from 2006 to 2014, so I was privy to some of the bad business practices and corruption that prevailed within that company. I decided to write about the decline of this major player in the oil and gas sector, and rushed the work through in a week, so there are some typographical errors in the document that need correcting. Maybe one day when I have more available time, I will review the work and correct the typographical errors in the document.
The Fall of Foster Wheeler: a tale of engineering and ambition is a piece that details the rise and fall of a great engineering organisation. This fall was caused by the corrupt business practices of several senior executives in the business.
Foster Wheeler was bought by another engineering conglomerate, Amec, and the two companies merged to become Amec Foster Wheeler. The negativity of Foster Wheeler’s corruption did not go away just because the company merged with another company, and this caused the merged business to fall into decline as well.
In 2017 Amec Foster Wheeler, the newly merged conglomerate, was sold to Wood Group. Part of the acquisition was that Wood group had to take on the burden of Foster Wheeler’s debt and litigation.
