Woodside Energy Appoints Liz Westcott as CEO and Managing Director Following Succession Planning
Woodside Energy has appointed Liz Westcott as Chief Executive Officer and Managing Director. Westcott, who has been acting CEO since December, succeeds Meg O'Neill. Her annual reward will be A$2,300,000, with additional variable incentives based on performance. Westcott, previously Executive Vice President of Australian Operations, brings extensive experience from EnergyAustralia and ExxonMobil. Woodside aims for growth in natural gas production, including the Louisiana LNG project, amid a changing global energy landscape.
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Woodside Energy appointed Liz Westcott as CEO and Managing Director, succeeding Meg O'Neill. Westcott has served as acting CEO since December 2023 and was previously Executive Vice President of Australian Operations.
Her Fixed Annual Reward is A$2,300,000, with a Variable Annual Reward starting from FY2026. Woodside is expanding its natural gas production, including projects like the Louisiana LNG, expected to begin production in 2029.
The company has flagged lower output guidance for 2026 amid operational challenges. Westcott aims to focus on sustainable value creation and operational excellence.
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