Bechtel Announces Executive Leadership Changes

- Names new Vice-Chairman, Chief Executive Officer (CEO), and President & Chief Operating Officer (COO)

- Brendan Bechtel to Become Fifth-Generation Family Member to Lead the Company

RESTON, Virginia, June 1, 2016 /PRNewswire/ -- Bechtel, one of the world's leading engineering, procurement, and construction companies, today announced executive leadership changes that will be effective September 1, 2016. 

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Bechtel CEO Bill Dudley will become vice-chairman of the Bechtel Group, Inc. global enterprise, which includes all of the Bechtel companies worldwide. Brendan Bechtel, current president & COO, succeeds Dudley as CEO, and Jack Futcher, president of the company's Oil, Gas & Chemicals (OG&C) business will become president & COO of Bechtel Group, Inc.

"I am delighted to announce these changes that further strengthen our company and puts in place a dedicated and experienced executive leadership team that will drive us forward as we continue to innovate, re-tool and consistently deliver for our customers and colleagues," said Bechtel Chairman of the Board Riley Bechtel. "This is a natural evolution in our company and the result of diligent succession planning and execution," he added.

Dudley, who has served as CEO since 2014, president & COO from 2008-2014, and a member of the board of directors since 2000, is the first non-family member named CEO since the company's founding 118 years ago. Dudley joined the company in 1981. Throughout his Bechtel career, he has excelled in operational and executive roles. As president & COO and then CEO, Dudley is best known for having developed a strong and cohesive team among Bechtel's top leadership who delivered unprecedented results for its customers, colleagues, and the company. Dudley will remain on the company's board of directors.

Brendan Bechtel, current president & COO, succeeds Dudley as the CEO and becomes the fifth-generation family member to lead Bechtel as its chief executive. Brendan was appointed president & COO and elected to the board in 2014. In his current role, Brendan has led performance improvements across the business. Previously, he served in a variety of operational and executive roles including president of OG&C, general manager of its liquefied natural gas business – which today is responsible for a third of global LNG capacity – and numerous field assignments around the world.