Jacobs names Steven Demetriou President and Chief Executive Officer

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Jacobs names Steven Demetriou President and Chief Executive Officer

Jacobs Engineering Group Inc. has announced that Steven J. Demetriou has been named President and Chief Executive Officer and will also also be elected to the Board.

Mr. Demetriou brings over 30 years of global business leadership experience to Jacobs, including 14 years in the role of Chief Executive Officer. Most recently he served as Chairman and CEO of Aleris Corporation. Over the course of his career, he has gained broad experience with companies in a range of industries including Metals, Specialty Chemicals, Oil & Gas, Manufacturing and Fertilizers. His career highlights include 16 years at ExxonMobil, where he held roles of increasing responsibility in the U.S. and Europe in operations, commercial, financial and general management.

Mr. Demetriou will start in his new role with Jacobs on August 17. His appointment completes a rigorous selection process that began in December 2014, following the retirement of former President and CEO Craig Martin.

As CEO, Mr. Demetriou will work with senior management and the Board to develop strategies to further strengthen Jacobs' position as a global industry leader. Key to the role is the ability to drive growth by engaging and inspiring Jacobs' people, creating and maintaining long-term, positive client relationships and focusing on project execution excellence.

Mr. Demetriou currently serves on the board of Kraton Performance Polymers. Mr. Demetriou also served on the board of Foster-Wheeler starting in 2008 and was non-Executive Chairman of Foster-Wheeler from 2011-2014.

Executive Chairman Noel Watson stated:

"Mr. Demetriou is known for his passionate, hands-on leadership style, his strong customer relationships and his focus on operational excellence. We are delighted to welcome a leader of Steve's caliber to build on the strong, global foundation we have put in place and lead our company forward. Steve has a proven track record for driving growth and creating shareholder value, as well as a clear appreciation of our values and culture."

Linda Fayne Levinson, Independent Director and Chair of Jacobs' Human Resource and Compensation Committee, commented,

"Our selection process included a wide array of candidates both internal and external to Jacobs. The quality of the candidate slate and the interest in this position is testament to the strength of our brand and future potential. We chose Steve because he is a performance driven leader who inspires a positive corporate culture, and he is a global leader comfortable working with clients and employees anywhere in the world. He is a great choice to lead Jacobs."

Mr. Demetriou added:

"It is an honor to be selected as the next Jacobs CEO. I am very excited about the opportunity to lead a company with such an enviable global talent base and a strong reputation as one of the world's largest and most diverse providers of technical professional and construction services. My immediate objective is to listen and engage with Jacobs' employees, customers and shareholders, as well as develop and implement strategies to realize Jacobs' enormous potential to achieve focused growth into the future."

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