Bechtel to set up global infrastructure business unit
By Chris Sleight07 October 2014
Bechtel has announced it will combine its civil and most of its power business units to create the Bechtel Infrastructure global business unit.
The business will be among Bechtel’s largest, and the company said the move would position it to meet the needs of customers in key markets by integrating its services and creating a full range of services within one unit. Toby Seay, president of Bechtel’s power business, will become president of the Infrastructure business, which will be headquartered in London, UK.
Peter Dawson, currently president of the company’s civil business, will become Bechtel’s head of corporate services and CFO, a position he held previously. He will succeed Mike Adams, who will take a new role leading strategic projects, reporting to Bechtel CEO Bill Dudley.
“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. 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,” said Mr Dudley.
The Infrastructure business unit will operate through seven business lines. There will be three regional branches of the civil business focussed on the Americas, Asia-Pacific and Europe, Africa & the Middle East (EAM). Four further business lines will address the water, power, aviation and rail sectors.
As part of the reorganisation, Bechtel will also create a new Nuclear, Security & Environmental (NS&E) unit, which will combine the company’s government and commercial nuclear businesses.
“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 the company’s president & chief operating officer, Brendan Bechtel.
The reorganisation and management changes will take effect from January 1.