Company Website:
http://www.jacobs.com
DALLAS -- (Business Wire)
Jacobs
Engineering Group Inc. (NYSE:JEC) announced at its Annual
Shareholders Meeting today that Noel G. Watson will retire from the
board effective today. Noel joined Jacobs more than 50 years ago
becoming President in 1987, CEO in 1992, and CEO and Chairman of the
Board in 2006. He stepped down as Chairman of the Board in July 2016,
while remaining as a Director when Jacobs’ current CEO, Steve Demetriou,
was appointed Chairman of the Board.
During his tenure as CEO, Noel led Jacobs through a period of tremendous
growth, resulting in both revenue and operating profit increases of
greater than 15 percent per year. To accomplish those results, Noel
inculcated the values that are the core of Jacobs today, namely, a
commitment to safety, a dedication to high quality customer
relationships, a strong ethical underpinning and a focus on
accountability.
“Noel’s inspirational management style and his extraordinary commitment
to the company serve as a clear role model to me and all of our leaders
at Jacobs,” said Demetriou. “Noel deserves enormous credit for driving
industry leading growth and the success of Jacobs throughout his long
and distinguished tenure with the company.”
“As CEO, Noel was a tough and beloved leader. As Chair, he engaged
actively with his Board, enjoyed spirited discussions and always focused
on what was best for Jacobs,” said Lead Director Linda Fayne Levinson.
“On behalf of the board, we thank Noel, for his leadership and business
acumen. He will be missed.”
Jacobs is one of the world’s largest and most diverse providers of
full-spectrum technical, professional and construction services for
industrial, commercial and government organizations globally. The
company employs over 54,000 people and operates in more than 25
countries around the world. For more information, visit www.jacobs.com.
Statements made in this release that are not based on historical fact
are forward-looking statements. We base these forward-looking statements
on management’s current estimates and expectations as well as currently
available competitive, financial and economic data. Forward-looking
statements, however, are inherently uncertain. There are a variety of
factors that could cause business results to differ materially from our
forward-looking statements. For a description of some of the factors
which may occur that could cause actual results to differ from our
forward-looking statements please refer to our Form 10-K for the year
ended September 30, 2016, and in particular the discussions contained
under Items 1 - Business, 1A - Risk Factors, 3 - Legal Proceedings, and
7 - Management's Discussion and Analysis of Financial Condition and
Results of Operations. We do not undertake to update any forward-looking
statements made herein.
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Contacts:
Jacobs Engineering Group Inc.
Mendi Head, 214-920-8015
Source: Jacobs Engineering Group Inc.
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