Bechtel announces major shake up
US contractor to unite civil and power businesses into a single unit.
Bechtel, one of the world’s leading engineering, project management, and construction companies, announced today that the company will combine its civil and most of its power business units to create the Bechtel Infrastructure global business unit (GBU).
The move better positions the company to meet the needs of customers in key markets by integrating its services and creating a full suite of infrastructure offerings within one unit, the company said in a statement.
Toby Seay, president of Bechtel’s power business, will become president of the Infrastructure GBU, which will be headquartered in London.
Peter Dawson, president of the company’s civil business, will become Bechtel’s head of corporate services and chief financial officer, a position he held previously.
Dawson succeeds Mike Adams, who will lead new strategic projects reporting to the company’s chief executive officer.
“Markets are changing and it’s crucial for us to adapt so that we can continue to deliver the world-class projects customers expect from us,” said Bill Dudley, Bechtel’s chief executive officer.
“The cities and industrial areas of tomorrow increasingly will be designed and built with roads, airports, ports, rail, water systems, communications, and power integrated into an overall plan.
The Infrastructure global business unit will be able to meet that need seamlessly.”
As part of the reorganization, Bechtel also creates a new unit, Nuclear, Security & Environmental (NS&E), which combines the company’s government and commercial nuclear businesses.
This move significantly strengthens Bechtel’s nuclear portfolio and builds an industry-leading organization with capabilities across the lifecycle of facilities and sites for both commercial and government customers. Craig Albert, president of the government services business, will lead Bechtel NS&E.
“The creation of Bechtel’s new infrastructure business leverages the iconic global presence of our civil business and the lump-sum, direct-hire EPC execution capabilities of our power business,” said Brendan Bechtel, the company’s president and chief operating officer.