The takeover by Wood Group is not the legacy that would have been chosen by Mr Brikho, who took over at what was an old civil engineering group in 2006 and focused it on the oil boom Times Newspapers LtdOne day details of the discussions between Samir Brikho, then chief executive of Amec, and chairman, John Connolly, in the late summer and autumn of 2014 may be published. Until then we will not know what levels of ego and hubris took Amec to the point where it is now being taken over by Wood Group, a business that in Brikho’s pomp would have been dismissed as a small regional player. In late 2013 The Times broke the news that Amec, fresh from a failed £700 million approach to Kentz (now part of SNC-Lavalin), was stalking Foster Wheeler, a US rival in the North Sea. Despite reservations about whether Foster Wheeler was the right fit and that it looked like a deal to hit earnings…

Source: The Times March 13, 2017 16:52 UTC