MONTREAL, Feb. 10, 2020 /CNW Telbec/ - SNC-Lavalin
(TSX: SNC) today announced the appointment of Jeff Bell as Chief Financial Officer (CFO),
effective April 14, as part of an
ongoing renewal process at the senior leadership level focused on
supporting the execution of the Company's new strategic
direction.
Mr. Bell, a former Group CFO with FTSE-listed energy services
firm Centrica plc and Barrie,
Ontario native, will join SNC-Lavalin as
Executive-Vice-President on February 11,
2020. He will work closely with current Company CFO,
Sylvain Girard, to ensure a smooth
transition process before assuming his new role as CFO in
April.
"I am very pleased to welcome Jeff
Bell as CFO at a pivotal time for SNC-Lavalin," said
Ian L. Edwards, President and CEO,
SNC-Lavalin. "Jeff brings valuable leadership experience as the
former Group CFO of a global energy services and solutions firm.
SNC-Lavalin is focused on growing its high-potential Engineering
Services business in core geographies around the world, an
objective to which Jeff is uniquely suited. As a Canadian, he
understands the Company's deep roots as a Montreal-based global engineering firm, and
the importance of the Canadian market to its success."
Mr. Bell's appointment as CFO follows a number of other recent
appointments at the senior leadership level, including that of
Charlene A. Ripley as Executive
Vice-President and General Counsel, and Louis Véronneau, to the
newly created role of Chief Transformation Officer (CTO). Mr.
Véronneau, who assumed his new role on February 3rd, is tasked with rapidly
re-aligning the Company's organizational structure and assets to
its new strategic direction.
In July 2019, SNC-Lavalin
announced a new strategic direction focused on de-risking the
business and prioritizing the Company's high-performing and growth
areas, including EDPM, Nuclear, and Infrastructure Services. The
new strategy has three principal components: i - reorganizing the
Company into two separate lines of business - SNCL Engineering
Services, and SNCL Projects, which is responsible for running off
the remaining LSTK backlog, ii - exiting from the LSTK contracting
model, and iii - exploring all options with regards to the
Resources segment, including possible divestitures or transition to
a services-based business.
"I want to take this opportunity to thank Sylvain Girard for his leadership as CFO during
the past four years and his extraordinary commitment to SNC-Lavalin
worldwide. Sylvain helped shepherd the Company through a
challenging period and has been instrumental in supporting me with
the implementation of SNC-Lavalin's new strategic direction," said
Ian L. Edwards. "I wish him much
success for the future."
About Jeff Bell
Mr. Bell was previously Group Chief Financial Officer at
Centrica Plc, a UK FTSE listed energy services and solutions
company. He joined Centrica's Direct Energy business in
Toronto in 2002 where he held
various senior finance positions before moving to Centrica's head
office in the UK in 2008. Mr. Bell held the positions of Executive
Assistant to the CEO and Head of Group Strategy, and Director of
Corporate Finance & Group Financial Controller before being
appointed CFO in 2015. Prior to joining Centrica, Mr. Bell, a
Chartered Professional Accountant, worked for The Boston Consulting
Group and KPMG in Canada. He has a
BA in Accounting from the University of
Waterloo and an MBA from Harvard
Business School.
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