TORONTO, March 11, 2014 /CNW/ - Aecon Group Inc. (TSX: ARE) announced
today that its Board of Directors will appoint Teri McKibbon, currently
President and Chief Operating Officer, as the Company's President and
Chief Executive Officer, effective June 11, 2014, at its Annual General
Meeting. John M. Beck will become Executive Chairman and will continue
to serve the Company on a full time basis.
"The Board has been working toward our succession plan and is committed
to ensuring a smooth transition," said Brian V. Tobin, Vice-Chair and
Lead Director. "We would like to extend our deep appreciation to John
Beck and his leadership in bringing Aecon to its position today as
Canada's premier construction and infrastructure development company.
Teri McKibbon has proven himself as a strategic, disciplined and
focused executive as well as being a collaborative leader."
John M. Beck, Chairman and CEO, added: "I have every confidence that
Teri will lead Aecon with distinction and a relentless focus on
execution. He has been at the forefront of our paramount objective of
improving margins and consistent financial performance, and of Aecon
becoming the Canadian-based partner-of-choice for large-scale
In addition to his role as Chief Operating Officer since March of 2011,
Mr. McKibbon, 50, took on the role of President in June 2013. He has
been a member of the Executive Committee of Aecon Group Inc. since
2006. He joined Aecon in 1996, and previously led Aecon's
With more than 30 years' experience integrating and managing
construction-related companies, he has a deep understanding of the
diversity and complexity of Aecon's operating environment. Mr.
McKibbon is a Trustee of the Labourers International Union of North
America, based in Washington D.C., and the Operating Engineers Local
793 Training Fund, based in Ontario. He is a former President of the
Canadian Pipeline Contractors Association and the Ontario Hot Mix
Producers Association, and a former Board member of the Ontario Road
Builders and Utility Contractors Associations. Mr. McKibbon is
certified by the Canadian Construction Association as a Gold Seal
John M. Beck started in the construction business in 1963 with his
parents with a small pre-cast concrete firm based in Montreal, which
has grown into the Aecon we know today. He is a respected leader in
Canada's construction industry. Mr. Beck has served as Chairman of the
Board of the Ontario Power Authority and as a director of the Canadian
Council for Public Private Partnerships. He is currently a member of
the Board of Directors of the Ontario Financing Authority, the
Macdonald-Laurier Institute for Public Policy, the Canadian Olympic
Foundation, a member of the Advisory Council of the School of Public
Policy at the University of Calgary, and is a member of the Canadian
Council of Chief Executives. Mr. Beck was inducted as a Fellow of the
Canadian Academy of Engineering on June 2, 2011. The Canadian Council
for Public Private Partnerships named Mr. Beck as its P3 Champion in
Aecon Group Inc. is a Canadian leader in construction and infrastructure
development providing integrated turnkey services to private and public
sector clients. Aecon is pleased to be consistently recognized as one
of the Best Employers in Canada.
SOURCE: Aecon Group Inc.
For further information:
Senior Vice President,
Aecon Group Inc.