“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.”
The new infrastructure global business unit (GBU) will be among the company’s largest. 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.
As part of the reorganisation, Bechtel also creates a new unit, Nuclear, Security & Environmental (NS&E), which combines 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 Brendan Bechtel, the company’s president and chief operating officer.
The reorganisation and leadership changes take effect January 1, 2015.