The board of directors of SNC-Lavalin Group Inc (TSX: SNC) has appointed Lawrence Stevenson as its new chairman. Stevenson, who is the managing director of Canadian mid-market private equity firm Callisto Capital, replaces Ian Bourne, who has decided to step down. According to Reuters, Stevenson has been a director on the company’s board since 1999. Based in Montréal, SNC-Lavalin is an engineering and construction business.
Lawrence Stevenson named SNC-Lavalin chairman as Ian Bourne steps down
MONTREAL, March 16, 2015 /CNW Telbec/ – SNC-Lavalin (TSX: SNC) reported today that Ian A. Bourne, Chairman of the Board and Director, will not stand for reelection at its next Annual Meeting of Shareholders, and has decided to step down as both a Director and Chairman effective immediately. The Board has appointed Lawrence N. Stevenson as Chairman.
Mr. Bourne has served as a director of SNC-Lavalin since 2009 and as Chairman of the Board since May 2013, and was Interim CEO of SNC-Lavalin from March 2012 to October 2012.
Incoming Chairman Lawrence Stevenson said “Ian’s leadership both as interim CEO and as Chairman of the Board provided stability to SNC-Lavalin in a very challenging period. His contribution has been significant and his fellow Directors and the SNC-Lavalin team thank him.”
Founded in 1911, SNC-Lavalin is one of the leading engineering and construction groups in the world and a major player in the ownership of infrastructure. From offices in over 50 countries, SNC-Lavalin’s employees provide EPC and EPCM services to clients in a variety of industry sectors, including mining and metallurgy, oil and gas, environment and water, infrastructure and clean power. SNC-Lavalin can also combine these services with its financing and operations and maintenance capabilities to provide complete end-to-end project solutions. www.snclavalin.com
For further information: Media: Louis-Antoine Paquin, Media Relations Manager, Global Corporate Communications, SNC-Lavalin Group Inc., 514-393-8000, ext. 54772, firstname.lastname@example.org; Investors: Denis Jasmin, Vice-President, Investor Relations, SNC-Lavalin Group Inc., 514-393-8000, ext. 57553, email@example.com
Photo courtesy of Shutterstock