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Woodside Energy Group Ltd (ASX:WDS)

ALERT: Price-sensitive ASX Announcement for WDS
Current share price for WDS : $32.370 0.95 (3.02%)+
Announcement
Release
18 Mar 2026 8:53AM
Price at Release
$31.420
Full Release
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Summary
Liz Westcott has been appointed as the CEO and Managing Director of Woodside Energy Group Ltd, following her role as acting CEO since December 2025. With extensive experience in the global energy sector, including her time as Executive Vice President & COO Australia for Woodside and COO at EnergyAustralia, Westcott brings a wealth of strategic and operational expertise. Her leadership is expected to focus on sustainable value creation, operational excellence, and meeting global energy demands. Her employment terms include a fixed annual reward and significant variable incentives.
Key Points
  • Liz Westcott appointed as Woodside's CEO and Managing Director.
  • She has been acting CEO since December 2025.
  • Liz Westcott has extensive experience in the global energy industry.
  • Her previous roles include Executive Vice President & COO Australia at Woodside and COO at EnergyAustralia.
  • She spent 25 years at ExxonMobil across various strategic and operational roles.
  • Her focus as CEO will be on sustainable value creation and operational excellence.
  • Liz Westcott’s employment terms include a fixed annual reward of A$2,300,000 and eligibility for variable annual rewards.
  • Short-term incentives at 180% of FAR and long-term incentives at 300% of FAR.
  • Her leadership will aim to position Woodside to meet global energy demands and deliver long-term shareholder value.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.