MONTREAL, June 18, 2019 /CNW Telbec/ - SNC-Lavalin (TSX: SNC) is pleased to announce the appointment of Nigel W.M. White as Executive Vice-President, Project Oversight, effective August 1st, 2019. Mr. White will lead the newly created Project Oversight function, which will underpin the Company's four operational sectors. In this global role, he will report to Ian L. Edwards, Interim President and Chief Executive Officer (CEO) and will join the Executive Committee. He will be based in London, UK.
Project Oversight is an operational function responsible for ensuring delivery and execution across all the operations. The objective is to drive consistency and assess risk for the company in a way that enhances its ability to foresee and fix project-related issues in a timely fashion.
"I couldn't be more pleased that Nigel has agreed to take on the leadership of this function at such a critical time," said Ian L. Edwards, Interim President and CEO, SNC-Lavalin. "This new role will be integral to ensuring we meet our project delivery and execution across all our operations. It will drive consistency, asses risk for the company and help us fulfil clients' expectations in a profitable manner."
Mr. White has 32 years of experience in managing all aspects of civil, building, foundation and electrical and mechanical contracts in Hong Kong, UK and USA. Prior to joining SNC-Lavalin, he was Executive Director at Gammon Construction Limited in Hong Kong where he had overall responsibility for the company's operations together with financial performance responsibilities, business growth strategy and business development. He also spent over 20 years at Balfour Beatty in a variety of increasingly senior positions. Mr. White holds a Bachelor of Science Degree, Quantity Surveying, from the University of Central England and is Fellow of the chartered Institute of Arbitrators and a Member of the Royal Institute of Surveyors.
Further simplified operational structure
The Company is also announcing that it is further simplifying its operating structure to continue to streamline and de-risk the business. This announcement follows its March 28th statement on operational changes. To service our Clean Power clients in a more efficient manner, the business will be integrated into our world-class Infrastructure sector. The financial reporting for Clean Power already reports into Infrastructure. The Technology Ventures business, a consolidation of ventures like the Linxon JV, will be integrated into the Sectors, aligned with relevance to the market. The Linxon JV will now report through the Resources Sector. These changes are effective immediately.
"This additional simplification continues to build on our efforts to drive efficiencies throughout our operations to achieve consistent and high-performing delivery," said Ian Edwards, Interim President and CEO, SNC-Lavalin. "I am confident that we are now better positioned to ensure project delivery, drive sustainable growth, produce consistent earnings and cash flow generation."
Founded in 1911, SNC-Lavalin is a global fully integrated professional services and project management company and a major player in the ownership of infrastructure. From offices around the world, SNC-Lavalin's employees think beyond engineering. Our teams provide comprehensive end-to-end project solutions – including capital investment, consulting, design, engineering, construction management, sustaining capital and operations and maintenance – to clients across the EDPM (engineering, design and project management), Infrastructure, Nuclear, Clean Power, and Resources businesses. www.snclavalin.com
For further information: Media : Daniela Pizzuto, Director, External Communications, 514-393-8000, ext. 54772, [email protected]; Investors : Denis Jasmin, Vice President, Investor Relations, 514-393-8000, ext. 57553, [email protected]