The Rolling Stones musician - who attended the ceremony with his theatre producer girlfriend Sally Humphreys - took home the awards for 'Feature Of The Year' and 'Specialist Programme Of The Year'. Absolute Radio was also named 'Station of the Year' in the category for stations with over one million listeners.
Wood showed off his trophies to photographers outside the Westminster Bridge Park Plaza Hotel following the ceremony, which was hosted by his Absolute colleague Christian O'Connell. He also won twice at last year's awards.
XFM's Danny Wallace won the 'Presenter Of The Year' award for stations with a TSA (total survey area) of over one million potential listeners on a good night for Global Radio, which won seven awards from 15 nominations.
Brit and Grammy award winner Adele was named 'PPL Most Played UK Artist On Commercial Radio', while The Voice UK coach Jessie J was given the award for 'PPL Breakthrough UK Artist Of The Year' ahead of Example and Ed Sheeran.
Mark Owen - on behalf of Take That - and opera singer Katherine Jenkins were also present for their inductions into RadioCentre's 'Commercial Radio Top 40'.
The hall of fame will celebrate the people, groups and organisations who have shaped commercial radio, which will celebrate its 40th anniversary in 2013.
Classic FM was recognised with the special Gold Award in celebration of its 20th anniversary, while John Pickford - the long-serving news editor of Key 103 in Manchester - was given the Lifetime Achievement Award to recognise a broadcasting career of over 30 years.
RadioCentre's chief executive Andrew Harrison congratulated all the winners, saying: "The standard of entries this year was particularly high... commercial radio remains in rude health, producing innovative, creative content and compelling radio for our listeners."