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SNC-Lavalin Group Inc
Symbol SNC
Shares Issued 175,554,252
Close 2021-02-09 C$ 25.31
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SNC expands Morriss's role to include Latin America

2021-02-10 08:44 ET - News Release

Mr. Ian Edwards reports

SNC-LAVALIN ADJUSTS EXECUTIVE OVERSIGHT IN LINE WITH GROWTH STRATEGY

SNC-Lavalin Group Inc. has expanded Steve Morriss's role to include executive leadership of the Latin America region as well as the mining and metallurgy business globally. Mr. Morriss recently joined the company as president, Middle East and Asia Pacific. In addition, following the announcement of the strategic divestiture of the oil and gas business, Craig Muir, president, resources, will be leaving the company at the end of March, 2021. Effective immediately, Mr. Morriss will take over executive leadership of the resources oil and gas operations until closing of the sale to Kentech Corporate Holdings Ltd., targeting closure in Q2 2021.

Mr. Muir is working closely with Mr. Morriss on a smooth handover to ensure continuity of the business and operations. The resources oil and gas leadership will report to Mr. Morriss with immediate effect, continuing to focus on clients and delivering on commitments.

"Steve's expanded role reflects the quality and depth of his experience in building businesses, and he is uniquely qualified to lead diverse regions -- from Asia Pacific to the Middle East and now to Latin America. With the bulk of the mining and metallurgy operations in Latin America, he is also perfectly suited to oversee that business line while collaborating with the leadership in Canada and the U.S., where M&M also operates. Steve will focus on driving growth opportunities for SNC-Lavalin's diversified engineering services offering across the company's high-potential areas," said Ian L. Edwards, president and chief executive officer, SNC-Lavalin.

"I would also like to thank Craig Muir for his leadership and tireless efforts over the past two years in derisking resources, transforming the mining and metallurgy operations into a services business line, and refocusing and right-sizing the oil and gas business to a point where it increased external interest and became attractive for prospective buyers. This was a challenging task that was critical in driving our forward strategy to focus our efforts on growing our high-potential core engineering services business," continued Mr. Edwards.

About SNC-Lavalin Group Inc.

Founded in 1911, SNC-Lavalin is a fully integrated professional services and project management company with offices around the world. SNC-Lavalin connects people, technology and data to help shape and deliver world-leading concepts and projects, while offering comprehensive innovative solutions across the asset life cycle. The company's expertise is wide ranging -- consulting and advisory, intelligent networks and cybersecurity, design and engineering, procurement, project and construction management, operations and maintenance, decommissioning, and sustaining capital -- and delivered to clients in four strategic sectors: EDPM (engineering, design and project management), infrastructure, nuclear and resources, supported by capital. People. Drive. Results.

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