MONTREAL — SNC-Lavalin has announced three appointments to executive team that it says will “support the execution of the company’s new strategic direction.”
The firm has made the following appointments, to take effect Feb. 3:
Louis G. Veronneau will be installed in the new role of chief transformation officer charged with simplifying the company’s structure and processes, while supporting the new strategic direction with a focus on information technology and divestitures.
Jonathan Wilkinson will assume the new role of president of infrastructure projects, with the responsibility overseeing the run-off of the company’s lump-sum turnkey (LSTK) backlog.
Dale Clarke, on an interim basis, will take on the newly created role of executive vice-president infrastructure services, responsible for expanding the services business in North America.
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 Engineering, Design & Project Management (EDPM), Nuclear, and Infrastructure Services, explained a Jan. 22 release. The new strategy has three principal components: reorganizing the company into two separate lines of business, SNCL Engineering Services and SNCL Projects; exiting from the LSTK contracting model and running off the remaining backlog; and exploring all options with regards to the resources segment, including possible divestitures.
“We are determined to achieve what we have set out to do and put the company on a sustainable path to consistent earnings and cash flow,” said Ian L. Edwards, president and CEO of SNC-Lavalin, in the statement.