DALLAS, Aug. 13, 2018 /PRNewswire/ -- Jacobs Engineering
Group Inc. (NYSE:JEC) announced that former Chairman and Chief
Executive Officer Noel Watson passed
away on Saturday, August 11, 2018. He
was 82.
"We are deeply saddened by the loss of Noel Watson and extend heartfelt sympathy to his
family," said Jacobs Chairman and CEO Steve
Demetriou. "Our entire company mourns the loss of a great
leader, colleague and friend. Noel established the enduring
foundation of integrity and excellence Jacobs is known for today.
His tireless passion and authentic caring shaped our company
culture and our industry for the better. Jacobs' strong values are
his legacy and we will honor them for decades to come."
Jacobs Lead Director Linda Fayne
Levinson said, "Noel was a remarkable leader. He put a
premium on integrity. Noel felt a personal responsibility to our
clients and our shareholders and he set high standards of
excellence and accountability to ensure they were well served. He
cared deeply about employees and he demonstrated this by his
ability to listen, at all levels, anywhere in the world. He was
loved and we will miss him."
Watson, who was recruited to the company by founder Dr.
Joseph Jacobs, served the firm for
more than 50 years, including more than 25 years at the helm of
Jacobs. Watson was named president in 1987, CEO in 1992, and
elected chairman of the board in 2006. Watson retired from the
board in January 2017.
During his tenure as CEO, Watson steered the company's iconic
growth from $1 billion to more than
$7 billion in revenues, creating
industry leading earnings and shareholder returns, strong client
satisfaction, and broad geographic and market diversification. As a
result of Noel's influence over the past six decades, Jacobs is an
industry leader across many private and public sector end markets
globally.
Foremost, Watson was a dedicated and loving husband, father and
grandfather. He is survived by his wife, Phyllis, their two
children, Derek and Leslie, and five grandchildren.
Jacobs leads the global professional services sector delivering
solutions for a more connected, sustainable world. With
$15 billion in fiscal 2017 revenue
when combined with full-year CH2M revenues and a talent force of
more than 77,000, Jacobs provides a full spectrum of services
including scientific, technical, professional and construction- and
program-management for business, industrial, commercial, government
and infrastructure sectors. For more information, visit
www.jacobs.com, and connect with Jacobs on LinkedIn, Twitter,
Facebook and Instagram.
For press/media inquiries:
Investors:
Jonathan Doros, 817-239-3457
jonathan.doros@jacobs.com
Media:
Lorrie Paul Crum, 303-525-2916
lorrie.crum@jacobs.com
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SOURCE Jacobs Engineering Group Inc.