SNC-Lavalin announces the retirement of its Executive Vice-President, ICI

Jul 04, 2013, 14:48 ET from SNC-Lavalin

MONTREAL, July 4, 2013 /CNW Telbec/ - SNC-Lavalin (TSX: SNC) announces that its Executive Vice-President of Infrastructure Concession Investments (ICI), Gilles Laramée, will retire from the Company on August 9, 2013. He will be succeeded in an acting capacity by Gerry Grigoropoulos, Senior Vice-President and General Manager, SNC-Lavalin Capital.

Mr. Laramée joined SNC in 1986 and became SNC-Lavalin's Chief Financial Officer in 2002, a position he held until being named Executive Vice-President, ICI, in 2012.

"I would like to thank Gilles for his 27 years of service and extensive contributions to the Company, and wish him well in his future endeavours," said Robert G. Card, President and CEO, SNC-Lavalin Group Inc. "We have begun a search for his successor with the aim of ensuring we leverage both the value of our ICI portfolio and our prominent position in the project finance business. The sector is a major contributor to the profitability and financial strength of this company, and a central element of our recently announced strategic plan."

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. Founded in 1911, SNC-Lavalin has offices across Canada and in over 40 other countries around the world, and is currently active in some 100 countries.