AECOM advances the next stage of its strategy with integration of its design businesses into one global organization
October 05 2020 - 04:05PM
Business Wire
Lara Poloni to lead the global design
business as part of her expanded role and responsibilities as
President
AECOM (NYSE:ACM), the world’s premier infrastructure consulting
firm, today announced it has advanced the next stage of its
strategy with the integration its Design & Consulting Services
(DCS) businesses into one global organization to be led by Lara
Poloni, AECOM’s president. This initiative further simplifies the
operating structure of the Company and will enable greater
connectivity and collaboration across the enterprise.
“Our greatest opportunity is to fully capitalize on the
expertise that is inherent across our organization by thinking and
acting as one global company – and in order to do that, we need to
be structured as one,” said Troy Rudd, AECOM’s chief executive
officer. “Today’s announcement is a critical step in the
advancement of our strategy to best position the business for
success, to ensure that we continue building on our momentum
towards our vision of establishing a new standard of excellence in
the industry and to in turn create exceptional value for our
stakeholders.”
Separately, Randy Wotring, AECOM’s chief operating officer, has
announced his retirement and will continue to serve as a senior
advisor to the Company through the end of December. Mr. Wotring has
served in numerous leadership positions within AECOM and its legacy
companies throughout a nearly 40 year career. He has been a
critical leader in the advancement of the Company’s several
value-creating initiatives, including the development and growth of
the Management Services business prior to its sale in January.
In addition, with Lara’s expanded responsibilities and oversight
of operations in her new role as President, and consistent with the
organization’s focus on continuing to simplify its operating
structure, Steve Morriss, AECOM’s group president of its DCS
Americas business, has stepped down effective immediately. To
ensure a seamless transition, Mr. Morriss will remain available in
the near term to provide transition-related services to the
Company.
“I am excited for the opportunity to lead our global design
business and to execute a strategy that will foster a culture of
collaboration and better connect the technical excellence of our
professionals,” said Ms. Poloni. “Through one global organization,
we will drive even greater innovation and ensure we deliver for our
clients by bringing the full strength of our expertise to bear on
our projects.”
Mr. Rudd concluded, “Both Lara and I are thankful of Randy and
Steve’s contributions to our company over many years. We wish Randy
the best in his well-earned retirement and Steve in his future
endeavors.”
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
program 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 and its
Professional Services business had revenue of approximately $13.6
billion in fiscal year 2019. See how we deliver what others can
only imagine at aecom.com and @AECOM.
Forward-Looking Statements
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historical fact are “forward-looking statements” for purposes of
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plans, strategies and objectives for future operations,
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future economic conditions or performance, and the expected
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Important factors that could cause our actual results, performance
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business is cyclical and vulnerable to economic downturns and
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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
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related to our backlog; partners and third parties who may fail to
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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/20201005005843/en/
Investor: 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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