Bechtel creates new Global Infrastructure Business Unit, announces leadership changes
Bechtel has announced that the company will combine its civil and most of its power business units to create the Bechtel Infrastructure global business unit (GBU).
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.
Bill Dudley, Bechtel's chief executive officer stated:
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.
- Civil - Americas, Civil - EAM, Civil - Asia Pacific, and Water combine our communications market sector with master planning, urban developments, marine, ports and harbors, roads, bridges, hydro, and industrial cities, as well as big water (new city water supply systems, major tunnels and canals, tidal protection) and associated scope (large industry-funded water supplies and wastewater treatment installations).
- Power includes thermal, renewables, steam, and transmission.
- Aviation includes greenfield development of new airports and expansion of existing facilities, as well as airport upgrades required by security requirements and new generations of aircraft.
- Rail includes all phases of high-speed rail, passenger and freight heavy rail, light rail, and metro systems.
As part of the reorganization, Bechtel also creates a new unit, Nuclear, Security & Environmental (NS&E), which combines the company's government and commercial nuclear businesses. This move significantly strengthens Bechtel's nuclear portfolio and builds an industry-leading organization with capabilities across the lifecycle of facilities and sites for both commercial and government customers. Craig Albert, president of the government services business, will lead Bechtel NS&E.
NS&E will operate through four global business lines: Nuclear Security & Operations, Nuclear Power, Defense & Security, and Environmental.
The reorganization and leadership changes take effect January 1, 2015.