AECOM announces executive leadership updates, appointments to its Board of Directors and independent Board chair
August 11 2020 - 6:55AM
Business Wire
AECOM (NYSE:ACM), the world’s premier infrastructure consulting
firm, announced today that the previously announced appointments of
W. Troy Rudd as Chief Executive Officer and Lara Poloni as
President will now take effect on August 15, 2020. In tandem with
Mr. Rudd’s appointment, the Company has named Gaurav Kapoor,
currently AECOM’s Chief Accounting Officer, Global Controller and
Treasurer, as Chief Financial Officer, effective August 15th.
AECOM also announced today that Douglas W. Stotlar has been
appointed as independent Chairman of AECOM’s Board of Directors and
Mr. Rudd has been appointed as Director to the Board, effective
August 15th. The appointments follow the previously announced
departure of Michael S. Burke as Chairman and Chief Executive
Officer. Mr. Stotlar has served on AECOM’s Board since 2014, having
previously served as a Director of URS Corporation since 2007 until
its acquisition by AECOM in 2014. In addition, Bradley W. Buss has
been appointed to the AECOM Board of Directors, effective August
10th.
“It is a great privilege to serve as AECOM’s next chairman of
the Board and help lead the company and its leadership team through
the execution of its strategy as the premier infrastructure
consulting firm in the industry,” said Mr. Stotlar. “Through the
contributions of our many talented professionals and the momentum
the company has built over the past year, as demonstrated with its
recently announced strong third quarter results, it was apparent
that Troy and Lara could lead this organization immediately.”
“AECOM continues to demonstrate our leading position in the
marketplace and the potential of our professionals is limitless,”
said Mr. Rudd. “To help achieve our goals, I am excited to welcome
Gaurav to our executive leadership team as Chief Financial Officer.
Gaurav has been instrumental in progressing several value-creating
initiatives that have contributed to our financial and strategic
transformation into a higher-margin, lower-risk Professional
Services business.”
Mr. Kapoor has extensive financial leadership experience at
AECOM, having served as Chief Accounting Officer and Global
Controller since December 2016 and Treasurer since October 2019. He
previously served in leadership roles at the Company as Senior Vice
President, Financial Planning & Analysis from January 2016 to
December 2016 and Senior Vice President, Project Delivery, Americas
Design Consulting Services from May 2015 to January 2016. Prior to
joining the Company in May 2015, Mr. Kapoor spent 15 years at Ernst
& Young LLP, where he was an audit partner and held various
leadership roles.
Bradley W. Buss has served since July 2018 as a director of
Marvell Technology Group Ltd., a publicly-traded semiconductor
company, where he currently serves as a member of the Audit
Committee and Chair of the Nominating and Governance Committee. Mr.
Buss has served since March 2016 as a director of Advance Auto
Parts, Inc., a publicly-traded automotive parts company, where he
currently serves as Chair of the Audit Committee. Mr. Buss
previously served as Chief Financial Officer of SolarCity
Corporation, from August 2014 to February 2016 and as Chief
Financial Officer of Cypress Semiconductor Corporation, from August
2005 to June 2014. Mr. Buss has previously served as a director of
publicly-traded companies Tesla, Inc., Cavium, Inc., and CaféPress,
Inc.
About AECOM AECOM (NYSE:ACM) is the world’s premier
infrastructure consulting firm, delivering professional services
throughout the project lifecycle – from planning, design and
engineering to consulting and construction management. We partner
with our clients in the public and private sectors to solve their
most complex challenges and build legacies for generations to come.
On projects spanning transportation, buildings, water, governments,
energy and the environment, our teams are driven by a common
purpose to deliver a better world. AECOM is a Fortune 500 firm with
revenue of approximately $20.2 billion during fiscal year 2019. See
how we deliver what others can only imagine at aecom.com and
@AECOM.
Forward-Looking Statements All statements in this
communication other than statements of historical fact are
“forward-looking statements” for purposes of federal and state
securities laws, including any statements of the plans, strategies
and objectives for future operations, profitability, strategic
value creation, coronavirus impacts, risk profile and investment
strategies, and any statements regarding future economic conditions
or performance, and the expected financial and operational results
of AECOM. Although we believe that the expectations reflected in
our forward-looking statements are reasonable, actual results could
differ materially from those projected or assumed in any of our
forward-looking statements. Important factors that could cause our
actual results, performance and achievements, or industry results
to differ materially from estimates or projections contained in our
forward-looking statements include, but are not limited to, the
following: our business is cyclical and vulnerable to economic
downturns and client spending reductions; impacts caused by the
coronavirus and the related economic instability and market
volatility, including the reaction of governments to the
coronavirus, including any prolonged period of travel, commercial
or other similar restrictions, the delay in commencement, or
temporary or permanent halting of construction, infrastructure or
other projects, requirements that we remove our employees or
personnel from the field for their protection, and delays or
reductions in planned initiatives by our governmental or commercial
clients or potential clients; losses under fixed-price contracts;
limited control over operations run through our joint venture
entities; liability for misconduct by our employees or consultants;
failure to comply with laws or regulations applicable to our
business; maintaining adequate surety and financial capacity; high
leverage and potential inability to service our debt and
guarantees; exposure to Brexit; exposure to political and economic
risks in different countries; currency exchange rate fluctuations;
retaining and recruiting key technical and management personnel;
legal claims; inadequate insurance coverage; environmental law
compliance and adequate nuclear indemnification; unexpected
adjustments and cancellations related to our backlog; partners and
third parties who may fail to satisfy their legal obligations;
AECOM Capital real estate development projects; managing pension
cost; cybersecurity issues, IT outages and data privacy; risks
associated with the benefits and costs of the Management Services
transaction, including the risk that the expected benefits of the
Management Services transaction or any contingent purchase price
will not be realized within the expected time frame, in full or at
all; the risk that costs of restructuring transactions and other
costs incurred in connection with the Management Services
transaction will exceed our estimates or otherwise adversely affect
our business or operations; as well as other additional risks and
factors that could cause actual results to differ materially from
our forward-looking statements set forth in our reports filed with
the Securities and Exchange Commission. Any forward-looking
statements are made as of the date hereof. We do not intend, and
undertake no obligation, to update any forward-looking
statement.
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version on businesswire.com: https://www.businesswire.com/news/home/20200811005295/en/
Investors: Will Gabrielski Senior Vice President,
Investor Relations 213.593.8208 William.Gabrielski@aecom.com
Media: Brendan Ranson-Walsh Vice President, Global
Communications & Corporate Responsibility 213.996.2367
Brendan.Ranson-Walsh@aecom.com
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