MONTREAL, Sept. 14, 2015 /CNW Telbec/ - SNC-Lavalin (TSX: SNC) is pleased to announce that, effective October 5, 2015, Neil Bruce will become President and CEO, and a member of the Board of Directors, succeeding Robert G. Card.
"The upcoming handover and smooth transition from Bob Card to Neil Bruce, currently COO, comes at an important stage in SNC-Lavalin's development," stated Lawrence Stevenson, Chairman of the Board of Directors. "Bob's tenure left a strong legacy during a critical time for the company, with a far-reaching transformation that changed the face of the executive team, repositioned the company strategically through the sale of AltaLink and the acquisition of Kentz among others, as well as turned its ethics and compliance system into a benchmark for the industry. We are in the right position to become a Tier-1 engineering & construction firm going forward and on behalf of the Board, I thank Bob for his leadership and tireless dedication. He will remain as an advisor to the Board and CEO.
"Neil's appointment comes as we embark on the next stage of the company's evolution. Over the past two and a half years, he led the company's mining and metallurgy and oil and gas businesses, including the acquisition of Kentz and its successful integration that transformed SNC-Lavalin's oil and gas business. The Board is thrilled to have a leader of his caliber with deep project management and execution experience to lead and grow the company."
Mr. Bruce has over 30 years of extensive experience in the engineering and construction industry and a comprehensive understanding of the four sectors in which SNC-Lavalin operates. Since joining the company in January 2013, Mr. Bruce transformed the Oil & Gas business – from a niche 3,000-employee player into a 20,000-strong, world-class organization – before being named COO in April 2015. Since then, he oversaw the company's engineering and construction operations to make them more efficient and effective, and deliver global-caliber expertise in local markets, to better serve clients. Before joining SNC-Lavalin, Mr. Bruce held a variety of leadership roles, including Executive Director and COO at AMEC, where he directed the company's international expansion and high-value consultancy, engineering and project management services.
"I am proud to have been selected by the Board as President and CEO of SNC-Lavalin, a company with a strong balance sheet, so much growth potential and a bright future ahead," stated Neil Bruce. "We have some of the best leaders in our industry and a highly capable workforce of 40,000 employees that our global clients count on every day. Together, we will deliver improved results and returns as we continue to improve operational efficiency, while managing the remaining legacy issues. I have already met many employees, clients and partners around the world and look forward to meeting many more over the coming weeks and months to share further details on the next phase of our strategic plan. On a personal note, while I will continue to travel around the world, my family and I are happy to have moved to Montreal, Canada, earlier this year."
"I leave the company in the very capable hands of Neil," stated Robert G. Card. "He has been a key pillar of SNC-Lavalin's transformation to date and has shown the superior leadership skills and industry expertise that will propel SNC-Lavalin forward in the future. We will work closely to ensure a seamless transition until my departure. I would like to thank all our employees around the world for their unwavering dedication to safety, ethics and compliance, as well as the passion and expertise they show every day to build what matters for our clients and communities around the world."
The position of COO will not be refilled and the presidents of the company's four business sectors will continue to report to Mr. Bruce.
Founded in 1911, SNC-Lavalin is one of the leading engineering and construction groups in the world and a major player in the ownership of infrastructure. From offices in over 50 countries, SNC-Lavalin's employees are proud to build what matters. Our teams provide EPC and EPCM services to clients in a variety of industry sectors, including oil and gas, mining and metallurgy, infrastructure and power. SNC-Lavalin can also combine these services with its financing and operations and maintenance capabilities to provide complete end-to-end project solutions. www.snclavalin.com
Image with caption: "Neil Bruce, President and CEO, SNC-Lavalin (CNW Group/SNC-Lavalin)". Image available at: http://photos.newswire.ca/images/download/20150914_C5140_PHOTO_EN_495776.jpg
For further information: Media: Louis-Antoine Paquin, Public Relations Manager, Global Corporate Communications, SNC-Lavalin Group Inc., 514-393-8000, ext. 54772, [email protected]; Investors: Denis Jasmin, Vice-President, Investor Relations, SNC-Lavalin Group Inc., 514-393-8000, ext. 57553, [email protected]