Jacobs Names Executives for Company Strategy, Innovation and Information Technology to Extend Differentiated Leadership and Profitable Growth

DALLAS, Oct. 23, 2018 /PRNewswire/ -- Jacobs Engineering Group Inc. (NYSE:JEC) announced three key executive appointments to expand high-margin growth in an evolving professional services sector, including Marietta Hannigan, chief strategy and communications officer; Darren Kraabel, chief technology and innovation officer; and Madhuri Andrews, chief information officer.

"Two years ago, we embarked on a strategy to strengthen our culture, transform the core of our business and expand profitable growth. Since then, we have outperformed that strategy on several measures of value creation, including the integration of our largest, most transformative acquisition last year, and significant, further portfolio reshaping focusing on higher-margin growth with the pending sale of the ECR business," said Jacobs Chairman and CEO Steve Demetriou. "Now we are naming three pivotal positions to take the company further, by reshaping Jacobs' strategy and portfolio to profit from technology and innovation focused on advanced facilities, infrastructure and government services."

Marietta Hannigan has been promoted to the new position of chief strategy and communications officer to lead the development, articulation and execution of Jacobs' brand leadership, corporate strategy and portfolio transformation to capitalize on attractive, non-traditional growth opportunities playing to Jacobs' unique strengths, that ultimately expand the company's capacity for superior value creation.

Darren Kraabel has been promoted to the new role of chief technology and innovation officer, leading a new corporate function driving the company's transformation into an innovative, data-driven provider, building on the catalyst of Jacobs' connected enterprise solutions strategy, which addresses clients' highest-priority needs associated with urbanization, resource scarcity, security and widening workforce gaps. Capitalizing on Jacobs' deep knowledge of client applications and broad-based experience delivering smart-enabled, sustainable management approaches, including analytics, networking and cybersecurity solutions, Kraabel will work across business lines to leverage investment, development and extension of the company's unique thought leadership and deep client-domain experience in emergent technologies and broad-based applications to deliver mutual value creation.

Madhuri Andrews has joined Jacobs as chief information officer to lead the development of the company's IT organization and systems as key enablers of efficiency and innovation. In this role, she will the optimize the company's data architecture and platforms as a competitive advantage to enhance agility and operational excellence with seamless, mobile collaboration throughout Jacobs' global supply chain.

"In addition to their breadth and depth of experience, all three of these executives possess the ideal combination of proficiency, ingenuity and passion to help Jacobs realize its fullest potential in differentiated leadership and profitable growth," Demetriou added.

About Marietta Hannigan

Since joining Jacobs in 1999 via the acquisition of Sverdrup Corporation, Hannigan has played a leading role on the company's most significant mergers, acquisitions and integration efforts. She most recently served as senior vice president of growth and sales for Jacobs' Buildings, Infrastructure and Advanced Facilities business, and before that, served as senior vice president of the Sales Center of Excellence; senior vice president of global outside sales; and vice president of global inside sales in the Americas, U.K., Europe, Middle East, India and Asia Pacific. She also was vice president of design operations for Jacobs' U.S. Federal Civilian sector. Hannigan is a graduate of Southeast Missouri State University.

About Darren Kraabel

Kraabel previously served as senior vice president and general manager of mission solutions for Jacobs' Aerospace, Technology, Environment and Nuclear business, where he was responsible for delivering solutions focused on information technology, cybersecurity, and intelligence analysis for clients in defense and intelligence. He also provided business development leadership to grow Jacobs' global portfolio of technology-driven solutions. Prior to joining Jacobs, Kraabel served a distinguished, 10-year career with the U.S. Air Force. He earned his Bachelor of Science in engineering mechanics, with both Academic and Military Distinction, from the United States Air Force Academy, and a Master of Science in aeronautical engineering from the Air Force Institute of Technology.

About Madhuri Andrews

Andrews brings more than 20 years of experience leading IT transformation and global digital strategies at previous companies, including DynCorp International and Trinity Industries. A recent recipient of Dallas Business Journal's Women in Technology Award, Andrews earned a BS in Aerospace and Mechanical Engineering from Northrop University in Los Angeles, and a BS in Mathematics from St. Stephens College, Delhi University, India. She also has completed the Management Challenge continuing education program at the University of Texas Graduate School of Business in Austin.

Jacobs leads the global professional services sector delivering solutions for a more connected, sustainable world. With $15 billion in fiscal 2017 revenue when combined with full-year CH2M revenues and a talent force of more than 77,000, Jacobs provides a full spectrum of services including scientific, technical, professional and construction- and program-management for business, industrial, commercial, government and infrastructure sectors. For more information, visit www.jacobs.com, and connect with Jacobs on LinkedIn, Twitter, Facebook and Instagram.

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 Form 10-K for the year ended September 29, 2017, 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.

Jacobs Contacts
Investors:
Jonathan Doros, 817-239-3457
[email protected]

Media:
Lorrie Paul Crum, 303-525-2916
[email protected]

SOURCE Jacobs Engineering Group Inc.

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