MONTREAL, Febr. 6, 2020 /CNW
Telbec/ - SNC-Lavalin (TSX: SNC) is pleased to announce the
nominations of Mr. Gary C. Baughman,
Mr. Chris Clark, and Mr.
Mike Pederson to the Board of
Directors as part of the ongoing renewal process focused on meeting
the evolving needs of the Company and supporting its strategic
objectives and long-term sustainability.
The three Board nominees will stand for election by shareholders
at the SNC-Lavalin Annual General Meeting on May 7th, 2020. Current Board members Mr.
Jacques Bougie, Ms. Catherine J. Hughes, Mr. Alain Rhéaume and Mr.
Eric D. Siegel will not be standing
for re-election. The Board continues to focus on ongoing renewal to
further enhance the skills and competencies required to support the
Company's new direction.
"On behalf of the Board of Directors and SNC-Lavalin management,
I would like to thank the retiring Board members for their steady
leadership and sound guidance during a challenging time in the
Company's history," said Kevin
Lynch, Chairman of the Board.
Mr. Baughman brings extensive international engineering,
construction, operations, maintenance and environmental industry
experience. From 2017 to 2019, he served as Chair and Chief
Executive Officer of Texas-based
APTIM, a global design, construction, environmental remediation and
maintenance service supplier operating in 90 locations around the
world. From 2015-2017, he served as CEO, Americas, for M+W Group, a
global high-technology engineering company. Mr. Baughman was an
Executive Vice-President at Aecom from 2012 to 2015, where he was
responsible for leading growth for the Industrial end market in the
America's as well as globally for the Chem/Pharma market. He began
his career at Fluor Corporation, where he spent 14 years in various
roles, including Senior Director, Global Development.
Mr. Clark is the former Chief Executive Officer of
PricewaterhouseCoopers Canada and has significant corporate board
experience, sitting on the boards of some of Canada's leading companies. He currently sits
on the board of Choice Properties REIT, Air Canada and Loblaw
Companies. He is a former board member of Hydro One, Brookfield
Office Properties and IGM Financial. Mr. Clark spent 31 years at
PwC, and served as National Managing Partner, Financial Advisory
Services, and Managing Partner, before serving as CEO from 2005 to
2011.
Mr. Pederson brings extensive experience in leadership roles at
large financial services institutions. During his tenure as CEO of
TD Bank from 2013 to 2017, the bank consistently out-performed
peers in earnings and revenue growth and delivered significant
market share gains in almost all product categories. Prior to
joining TD Bank, Mr. Pederson was Managing Director of Barclays plc
from 2002 to 2007 and held various positions at CIBC from 1988 to
2001. Mr. Pederson is currently Chair of the Board of the Business
Development Bank of Canada and a
Board Director with CGI Group.
"These nominations reflect the Board's commitment to supporting
the Company's new strategic direction focused on engineering
services, with the relevant skills and competencies that provide
value-added oversight and counsel to senior management," said
Kevin Lynch, Chairman of the Board.
"This is a pivotal time in SNC-Lavalin's evolution and the Board is
looking forward to working with these individuals, who bring a
wealth of expertise in global operations, engineering, financial
services and board governance which serves to strengthen our drive
and focus to deliver on our strategy."
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