SNC-Lavalin announces appointment of new President and CEO
Robert G. Card selected to head multinational E&C company
MONTREAL, Aug. 10, 2012 /PRNewswire/ - SNC-Lavalin (TSX: SNC) is pleased to announce that, effective October 1, 2012, Robert G. Card will become its new President and CEO, and a member of the Board of Directors.
After a global search, Bob Card was selected based on his excellent credentials in leading engineering, construction and operations businesses internationally. He earned a Masters degree in Environmental and Civil Engineering from Stanford and attended Harvard. Card has almost 40 years of experience in the operations and management of infrastructure and energy projects in the industry and with the CH2M Hill Companies Ltd. group, a Fortune 500 engineering services firm with 30,000 staff, a presence in more than 80 countries and $6B in revenues.
At CH2M Hill, he held a variety of positions, including President and Group Chief Executive of the International division; President of the Government, Environment & Nuclear division; President of the Facilities & Infrastructure division; and President of the Energy, Water & Facilities division, as well as having been on the Board of Directors. From 1996 to 2001, Card oversaw the execution of a $7 billion project for the operation, cleanup and decommissioning of the Rocky Flats nuclear facility for the U.S. Department of Energy. More recently, he also acted as COO for the consortia responsible for the successful delivery of the highly challenging £9.2B ($15B) London Olympics complex, which included everything from the design and construction of all facilities, utilities and transportation right through to the planning of site demolition and remediation, all on time and on budget.
Between 2001 and 2004, he acted as Under Secretary to the U.S. Department of Energy, a Senate-approved presidential appointment in which he oversaw 65,000 federal and contract employees, and a budget in excess of $14 billion.
Card has broad experience in the areas of infrastructure development; nuclear, fossil and renewable energy; water and waste management; mining; the environment; transportation; and climate change and technology. His expertise in delivering large-scale energy and infrastructure projects around the world will stand him in good stead in his new role as CEO and President of one of the world's largest engineering and construction firms.
"We considered several strong candidates from Canada and around the world," said Gwyn Morgan, Chair of the Board. "Our key focus was to identify an experienced senior leader with both an extensive background in the international engineering and construction (E&C) sector and a deep understanding of the complexities of operating internationally. In addition to having lived and worked in Canada, the U.S. and abroad, Bob has also gained important leadership experience within the public sector. The Selection Committee's lengthy and thorough interviews, followed by an assessment by the entire Board and independent, external corroboration all reveal an exceptionally intelligent, energetic and ethical leader, well-equipped to deal with both the specific issues that face SNC-Lavalin and the broader strategic challenges of global political and economic changes."
"SNC-Lavalin has long been known as an international player with significant credibility in the E&C sector globally and excellent people," says Card. "I am excited about the enormous opportunity that this company represents. I'm looking forward to getting acquainted with the company's leaders and to developing a better understanding of the next steps to be undertaken. My wife Nancy and I are looking forward to moving to Quebec and especially to learning to speak French, which is such an integral part of this global firm's heritage. Montreal is an international, cosmopolitan city and a great place to have a world headquarters."
Please note that a web-accessible press conference for media and the analyst community will be held on October 1, 2012, the day that Mr. Card assumes his new role, with further information to follow.
SNC-Lavalin is one of the leading engineering and construction groups in
the world and a major player in the ownership of infrastructure, and in
the provision of operations and maintenance services. SNC-Lavalin has
offices across Canada and in over 40 other countries around the world,
and is currently working in some 100 countries.