PASADENA, Calif.--(BUSINESS WIRE)--
Jacobs
Engineering Group Inc. (NYSE:JEC) announced today that it will move
to a new leadership structure organized around four global lines of
business. These changes are designed to better serve the needs of our
global client base, leverage our talented workforce and provide enhanced
growth opportunities across the business.
The four global lines of business are:
-
Petroleum & Chemicals – J. Gary Mandel will become
president of this line of business. Petroleum & Chemicals will serve
Jacobs’ clients around the globe in oil & gas, refining and chemicals
related opportunities.
-
Buildings & Infrastructure – Phillip J. Stassi will become
president of this line of business. This change will allow Jacobs to
better leverage its buildings and infrastructure capabilities to take
advantage of the growth opportunities in this global market.
-
Aerospace & Technology – Terence D. Hagen will become
president of this line of business. It will serve Jacobs’ global
aerospace, defense and nuclear clients.
-
Industrial – Andrew F. Kremer will become president of this
line of business. Industrial will cover mining & metals, inorganic
chemicals, pulp & paper and manufacturing clients. As part of the
Industrial line of business, Jacobs is creating a Life Sciences global
business unit. Robert G. Norfleet will become senior vice president
and general manager of this new unit. Life Sciences will serve Jacobs’
global clients in the pharma-bio space as well as in related biologic
areas.
All executives named above will report directly to Steve Demetriou,
President & Chief Executive Officer.
“This structure is meant to improve efficiency and act as the foundation
for a strong return to growth. I’m confident that these changes will
create greater organizational clarity, strengthen our delivery of high
quality, well-managed projects for our clients and improve shareholder
value. We are excited about the opportunities this new structure opens
up for us,” said Mr. Demetriou in closing.
The company intends to finalize all major aspects of this reorganization
during its first quarter of fiscal 2016.
Jacobs is one of the world's largest and most diverse providers of
technical professional and construction services.
Statements made in this release that are not based on historical fact
are forward-looking statements. We base these forward-looking statements
on management’s current estimates and expectations as well as currently
available competitive, financial and economic data. Forward-looking
statements, however, are inherently uncertain. There are a variety of
factors that could cause business results to differ materially from our
forward-looking statements. For a description of some of the factors
which may occur that could cause actual results to differ from our
forward-looking statements please refer to our 2014 Form 10-K, and in
particular the discussions contained under Items 1 - Business, 1A - Risk
Factors, 3 - Legal Proceedings, and 7 - Management's Discussion and
Analysis of Financial Condition and Results of Operations. We do not
undertake to update any forward-looking statements made herein.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151007006609/en/
Source: Jacobs Engineering Group Inc.