Appoints Chief Transformation Officer,
President of Infrastructure Projects
MONTREAL, Jan. 22, 2020 /CNW Telbec/ - SNC-Lavalin (TSX:
SNC) is pleased to announce a series of enhancements to its senior
leadership team to better align with and support the execution of
the Company's new strategic direction and its focus on driving cash
flow and sustainable growth.
The Company has made the following appointments, effective
February 3rd:
- Louis G. Véronneau, to the newly created role of Chief
Transformation Officer (CTO), charged with rapidly simplifying the
Company's structure and processes, while supporting the new
strategic direction with a focus on Information Technology (IT) and
divestitures.
- Jonathan Wilkinson, to
the newly created role of President of Infrastructure Projects,
charged with overseeing the rapid and successful run-off of the
Company's lump-sum turnkey (LSTK) backlog.
- Dale Clarke, on an
interim basis, to the newly created role of Executive
Vice-President Infrastructure Services, responsible for growing the
high-performing services business in North America.
In July 2019, SNC-Lavalin
announced a new strategic direction focused on de-risking the
business and prioritizing the Company's high-performing and growth
areas, including Engineering, Design & Project Management
(EDPM), Nuclear, and Infrastructure Services. The new strategy has
three principal components: i - reorganizing the Company into
two separate lines of business - SNCL Engineering Services, and
SNCL Projects, ii - exiting from the LSTK contracting model and
running off the remaining backlog, and iii - exploring all options
with regards to the Resources segment, including possible
divestitures.
"Each of these appointments further reinforces our focus on the
execution of our new strategic direction," said Ian L. Edwards, President and CEO of
SNC-Lavalin. "We are determined to achieve what we have set out to
do and put the company on a sustainable path to consistent earnings
and cash flow. To do that, we need dynamic senior leaders
singularly focused on realizing these objectives. All three of
these individuals bring deep expertise and a strong track record in
effectively leading transformative projects, and they will enhance
our ability to deliver on our strategy."
Louis G. Véronneau brings extensive cross-functional
experience to the newly created role of Chief Transformation
Officer (CTO). He was a former investment banker, securities
lawyer, general counsel and Vice-President of strategy and
corporate development at several large Canadian corporations,
including Abitibi Consolidated and Bombardier Inc. Mr. Véronneau
will be responsible for driving business efficiency at a
whole-of-company level. He will focus on driving cost savings and
improving business organization and processes by simplifying the
corporate structure and reducing the Company's geographic
footprint, as well as identifying and divesting under-performing
parts of the business. He will report to Ian L. Edwards, President and CEO, and join the
Executive Committee.
"In order to effectively execute on our new strategic direction,
we need to take a deep, holistic view of the business that allows
us to connect the dots between our processes, cost structure and
business model, and our ability to generate cash flow and maintain
a strong balance sheet," said Mr. Edwards. "We need to continue to
drive cost savings and align our capabilities, such as our
extensive technology platforms, with the new strategic direction,
and Louis will be instrumental in leading that transformation."
Jonathan Wilkinson,
currently President of infrastructure, will apply his extensive
expertise in overseeing large, transformational projects to the
newly created role of President of Infrastructure Projects and will
continue to be a member of the Executive Committee. In his new
role, he will bring a dedicated focus to the delivery of the
outstanding LSTK infrastructure projects, and will work closely
with Nigel White, EVP Project
Oversight.
Dale Clarke, currently EVP
Strategy and Growth Infrastructure, becomes Interim Executive
Vice-President, Infrastructure Services, where he will be
responsible for growing our high-performing infrastructure services
business in North America,
including its Infrastructure Operation and Maintenance, Power, Grid
and Industrial Solutions, and Construction and Project Management
businesses.
"This structure brings an all-important focus to delivery on our
strategy, both in terms of running off the remaining LSTK backlog
in a timely and disciplined manner and continuing to build out our
strong infrastructure services business in jurisdictions that we
have identified as core growth areas," said Mr. Edwards.
About SNC-Lavalin
Founded in 1911,
SNC-Lavalin is a fully integrated professional services and project
management company with offices around the world. SNC-Lavalin
connects people, technology and data to help shape and deliver
world-leading concepts and projects, while offering comprehensive
innovative solutions across the asset lifecycle. Our expertise is
wide-ranging — consulting & advisory, intelligent networks
& cybersecurity, design & engineering, procurement, project
& construction management, operations & maintenance,
decommissioning and sustaining capital – and delivered to clients
in four strategic sectors: EDPM (engineering, design and project
management), Infrastructure, Nuclear and Resources, supported by
Capital. People. Drive. Results.
www.snclavalin.com
SOURCE SNC-Lavalin