SNC-Lavalin appoints new President and CEO
Published by Tom Mostyn,
Editorial Assistant
Hydrocarbon Engineering,
SNC-Lavalin Group Inc. has announced that its Board of Directors has appointed Ian L. Edwards as President and CEO of the company.
Edwards was previously appointed as SNC-Lavalin’s Interim President and CEO on 11 June 2019. Since that time, Edwards has actively consulted with investors representing the majority of SNC-Lavalin’s shareholder base, and undertaken a comprehensive strategic review of the business, which resulted in the 22 July 2019 decision to exit lump-sum turnkey contracting. The company was reorganised into two separate lines of business, SNCL Engineering Services and SNCL Projects.
“Over the course of recent months, Mr Edwards has acted swiftly and decisively to develop a forward-looking approach and new strategic direction for the company that draws on his decades of experience delivering complex engineering projects to clients around the world, input from senior leaders, and shareholder considerations,” said Kevin Lynch, Chairman of SNC-Lavalin’s Board of Directors. “SNC-Lavalin now has a clear path forward that is grounded in delivering results, and strategically focused on sustainable growth.”
Lynch added, “We believe Ian is the right leader, at the right time, to take the company forward, and on behalf of the Board of Directors of SNC-Lavalin, we are very pleased to appoint him as President and CEO of the company.”
Edwards commented, “I am truly honoured to have this opportunity to lead SNC-Lavalin, one of only a handful of global engineering firms, and one of Canada’s great companies. I would like to thank our shareholders for taking the time to meet with me in recent months and provide thoughtful feedback. Our new strategy is designed to optimise what it is SNC-Lavalin does best and generate consistent earnings and cash flow. I also want to acknowledge the hard work and dedication of our incredibly talented people across the globe, without whom we would not be able to do the kind of world-class work we do every day. Our job now is to remain relentlessly focused on execution. We have a very exciting future ahead of us, and I look forward to working with all our stakeholders to realise our shared objectives.”
Read the article online at: https://www.hydrocarbonengineering.com/petrochemicals/31102019/snc-lavalin-appoints-new-president-and-ceo/
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