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Highlights
- Worley (WOR) restructures leadership to enhance global project execution
- New roles aim to drive efficiency across energy, chemicals, and resources sectors
- Shares down slightly following the announcement amid broader ASX200 activity
Engineering and professional services firm Worley (ASX:WOR) has announced a major internal restructure as it reshapes executive responsibilities to better align with the demands of global project delivery. The move comes as the company continues building momentum from its earlier profit growth and aims to strengthen its footprint in the energy, chemicals, and resources markets.
Effective July 1, Worley will dissolve its regional group leadership model. Instead, the two current regional presidents will take on newly formed global roles. Mark Trueman, previously heading the Americas region, will become Group President of Major Projects and Programs. He will now be steering some of the company's largest-scale ventures globally, with responsibilities extending from project acquisition to delivery.
Meanwhile, Mark Brantley, formerly Group President for the EMEA and APAC regions, steps into the role of Group President, Global Operations. His scope includes overseeing all operations outside of the major projects and the technology division, ensuring streamlined services across geographies.
Worley CEO Chris Ashton emphasized that the reshuffle allows for more integrated customer engagement:
“Global Operations brings the opportunity to streamline and strengthen our support for customers across the depth and breadth of their needs wherever they are in the world.”
The announcement was made via an ASX release, which coincided with a modest dip in Worley shares, trading about 1% lower at AU$12.87 during morning hours. While the price reaction was mild, it reflects investor attentiveness to structural changes in ASX-listed firms, especially in the context of broader market movement such as the ASX200 index.
This leadership transition follows Worley’s February report of a 55.4% jump in half-year net profit—a rebound attributed to operational recovery and write-down reversals. The company continues to feature on radars tracking top-performing industrial names among ASX dividend stocks, thanks to its recurring revenue streams and strong project pipeline.
With the new global structure, Worley is positioning itself for better agility and execution across international projects, reinforcing its stature as a key player in infrastructure and energy transitions across global markets.
