The 50-year-old rocker was one of 12 people rescued--by journalists, no less--from a burning yacht near Rio de Janeiro, Brazil, where the veteran band is scheduled to play a show with Bob Dylan on Saturday.
No injuries were reported--unless you count the yacht, which was torched.
"Ron is resting now and he is fine," a man who was rescued along with Wood told Associated Press.
The incident occurred Wednesday. Sea-going Wood was traveling to a private island when a boat engine caught fire, wire reports say.
A nearby boat, inhabited by writer types, pulled along side the disabled craft and offered Wood and others a ride.
Moments after the rescue, the yacht became completely engulfed in flames. Firefighters needed two hours to knock down the blaze.
Wood and fellow aged Stone Keith Richards had taken to the seas to visit a private island owned by a cosmetic surgeon, officials said. Richards was not in the doomed yacht.
The Stones' Bridges to Babylon world tour wraps August 30 in Hamburg, Germany.