SNC Lavalin chairman to step down
05 April 2013
There is more change at the top at Canadian contractor SNC Lavalin after chairman Gwyn Morgan and three other board members announced they are to retire at the company’s AGM on 2 May.
Mr Gwyn, who is stepping down after leading the board of directors since 2007, will be replaced by Ian Bourne, a director at SNC Lavalin since 2009, and currently vice chairman of the board.
Three other current directors, David Goldman, Pierre Lessard and Edythe Marcoux, will also retire at the 2013 AGM.
In addition, SNC Lavalin CFO Gilles Laramée is leaving his post but will continue at the company as executive vice president for the infrastructure, concessions and investments business unit.
Alain-Pierre Raynaud will become the new CFO on 1 June. Mr Raynaud was previously chairman and CEO of energy company Areva UK.
Meanwhile, SNC Lavalin has nominated Jacques Bougie, the former head of Alcan; Lise Lachapelle, former head of the Forest Products Association of Canada; and Alain Rhéaume, co-founder and managing partner of Trio Capital, as new independent board members.
The change at the top follows a tumultuous 12 months in which the contractor’s former CEO Pierre Duhaime resigned and was subsequently arrested in relation to millions of dollars of suspect payments and fraud allegations.
Mr Duhaime was replaced last year by Robert Card, whose career included 27 years with consultant CH2M Hill.
