MONTREAL, March 28, 2019 /CNW Telbec/ - SNC-Lavalin
(TSX: SNC) announces a new operating structure in an effort to
simplify and continue to de-risk the business.
"This new realignment of our business was prompted by our
ongoing efforts around the efficiency of our operations and on how
we should best simplify our organization to achieve consistent and
high-performing delivery," said Neil
Bruce, President and CEO, SNC-Lavalin. "This new
organizational structure will position us for further improving
project delivery, driving sustainable growth and more consistent
cash flow generation."
"The intention is to outline how we believe our operating
sectors will best serve our clients presently, and provide
alignment and focus as a truly global, world class, engineering
company, and to share best practice on project oversight," added
Ian Edwards, Chief Operating
Officer, SNC-Lavalin. "Many of our services, functions and teams
are already integrated across the company, and now is the opportune
time to further simplify our market-facing structure."
Underpinning the Company's four operational sectors is the newly
introduced Project Oversight function. Project Oversight is an
operational function reporting directly to the President and CEO,
and is responsible for ensuring delivery and execution across all
our operations. The objective is to drive consistency and assess
risk for the company in a way that enhances our ability to foresee
and fix project-related issues in a timely fashion.
The new structure is as follows and effective January 1, 2019, the Company's financials will
reflect these new reportable segments:
- Engineering, Design & Project Management (EDPM); to
further leverage EDPM's mature and global platform, the Canadian
Infrastructure Engineering business unit will become part of the
wider EDPM global business. This will bring our global services
closer together, build collaboration across teams, and further
strengthen our position as #3 in the world for design and
engineering. Philip Hoare will
succeed Nick Roberts as President,
EDPM, effective May 1, 2019. Philip
previously led the EDPM UK & Europe business.
- Infrastructure; is now comprised of the current
Infrastructure Construction, Operations & Maintenance, and MENA
Infrastructure business units. This sector will leverage our core
expertise in the North American market by delivering major
infrastructure projects, both public and private, and our global
expertise in delivering, operating, and maintaining projects. We
will also utilize our EPCM execution capability to provide the
delivery element on clean power scopes. Jonathan Wilkinson leads this sector.
- Nuclear; this business remains a cornerstone of our
global offering. Strong demand exists for our life extension
capabilities, our strength in site and asset management, along with
decommissioning, particularly in the US. We continue to identify
and target specific new build opportunities. Our nuclear business
is already global, Sandy Taylor
leads this sector.
- Resources; our full lifecycle services in oil, gas,
metals and mining are now combined. These areas remain regionally
structured and at considerable scale across the globe. This will
allow us to serve the cyclical markets while sharing our deep
project execution expertise, which apply across all resource
projects, and retaining our important specialisms. Mining &
Metallurgy is now focused on winning studies, EPCM scopes, and
design and owner's engineering. As previously announced, this
sector will be led by Christian
Brown, until Craig Muir joins
the company as of April 8, 2019.
Other areas of business:
- Technology Ventures; we are consolidating our expertise
in how technology should shape the world around us, how it can
bring efficiency to our delivery, results for our clients, and more
sustainable solutions. This fits naturally with our Clean Power
offering, which includes hydro, transmission and distribution,
renewables, energy storage, and intelligent networks and
cybersecurity. A key focus will be taking forward more ventures
like Linxon, and looking at new technology, capabilities and
partnerships that will allow us to provide state-of-the-art
solutions to our clients. Marie-Claude
Dumas leads this development sector and it will be reported
financially as part of the Infrastructure sector.
- Capital; our Capital business is now being led by
Stephanie Vaillancourt, who
continues to lead and will combine the capital business and our
Treasury function where we can leverage synergies. There are no
changes to our Capital business and will continue to be externally
reported separate from E&C.
About SNC-Lavalin
Founded in 1911, SNC-Lavalin is a global fully integrated
professional services and project management company and a major
player in the ownership of infrastructure. From offices around the
world, SNC-Lavalin's employees are proud to build what matters. Our
teams provide comprehensive end-to-end project solutions –
including capital investment, consulting, design, engineering,
construction, sustaining capital and operations and maintenance –
to clients across oil and gas, mining and metallurgy,
infrastructure, clean power, nuclear and EDPM (engineering design
and project management). On July 3,
2017, SNC-Lavalin acquired Atkins, one of the world's most
respected design, engineering and project management consultancies,
which has been integrated into our sectors.
www.snclavalin.com
SOURCE SNC-Lavalin