Noel Watson Retires from Jacobs Board of Directors
January 19 2017 - 6:06PM
Business Wire
Jacobs Engineering Group Inc. (NYSE:JEC) announced at its Annual
Shareholders Meeting today that Noel G. Watson will retire from the
board effective today. Noel joined Jacobs more than 50 years ago
becoming President in 1987, CEO in 1992, and CEO and Chairman of
the Board in 2006. He stepped down as Chairman of the Board in July
2016, while remaining as a Director when Jacobs’ current CEO, Steve
Demetriou, was appointed Chairman of the Board.
During his tenure as CEO, Noel led Jacobs through a period of
tremendous growth, resulting in both revenue and operating profit
increases of greater than 15 percent per year. To accomplish those
results, Noel inculcated the values that are the core of Jacobs
today, namely, a commitment to safety, a dedication to high quality
customer relationships, a strong ethical underpinning and a focus
on accountability.
“Noel’s inspirational management style and his extraordinary
commitment to the company serve as a clear role model to me and all
of our leaders at Jacobs,” said Demetriou. “Noel deserves enormous
credit for driving industry leading growth and the success of
Jacobs throughout his long and distinguished tenure with the
company.”
“As CEO, Noel was a tough and beloved leader. As Chair, he
engaged actively with his Board, enjoyed spirited discussions and
always focused on what was best for Jacobs,” said Lead Director
Linda Fayne Levinson. “On behalf of the board, we thank Noel, for
his leadership and business acumen. He will be missed.”
Jacobs is one of the world’s largest and most diverse providers
of full-spectrum technical, professional and construction services
for industrial, commercial and government organizations globally.
The company employs over 54,000 people and operates in more than 25
countries around the world. For more information, visit
www.jacobs.com.
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 30,
2016, 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.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170119006324/en/
Jacobs Engineering Group Inc.Mendi Head, 214-920-8015
Jacobs Engineering (NYSE:JEC)
Historical Stock Chart
From Jun 2024 to Jul 2024
Jacobs Engineering (NYSE:JEC)
Historical Stock Chart
From Jul 2023 to Jul 2024